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Your marketing research department provides the following estimated demand function for your product: Upper Q Superscript d Baseline equals 500.6 minus 11.4 Upper P minus

Your marketing research department provides the following estimated demand function for your product: Upper Q Superscript d Baseline equals 500.6 minus 11.4 Upper P minus 0.2 INCOME where P is the price of your product and INCOME is average income. Part 2 Your product is good because . Part 3 If the standard error for the price coefficient is 2.0, its t-statistic will be enter your response here. (Round your answer to two decimal places) Therefore, the coefficient is not statistically significant statistically significant

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