Graph the scatterplot of Qi against T Pi with the true demand line (Q = 50 2 T P) and
Ötted OLS line superimposed on the scatterplot. Which line has a higher slope coe¢ cient?
Is this expected? Explain
Graph the scatterplot of Qi against T Pi with the true demand line (Q = 50 2 T P) and
Ötted OLS line superimposed on the scatterplot. Which line has a higher slope coe¢ cient?
Is this expected? Explain