Order the answer to: Studies of automobile demand suggest that unit sales of compact

Academic Writing business-economics Order the answer to: Studies of automobile demand suggest that unit sales of compact

business-economics

Order the answer to: Studies of automobile demand suggest that unit sales of compact

Question a. Estimate the point elasticity of demand with respect to price. (Be sure to choose two years in which all other factors are constant.) b. Estimate the income elasticity of demand. c. Given the elasticities in parts (a) and (b), what change in sales do you expect between 2009 and 2010? How closely does your prediction match the historical record? d. Estimate a linear demand equation that best fits the data using a regression program. Comment on the accuracy of your equation. Is this degree of accuracyrealistic?
Subject business-economics
Ready to try a high quality writing service? Get a discount here