An estimated demand curve does NOT necessarily match actual data perfectly because
A) it is not possible to accurately calculate the coefficients of the curve.
B) some factors that are not measured or observed may affect the curve.
C) the random error term has too large of a range.
D) demand is unpredictable.
B
Economics
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The purchase by a consumer in Brazil of a video game produced in the United States is included in U.S
A) consumption expenditures. B) investment expenditures. C) government purchases. D) net exports.
Economics
For a linear demand curve:
A. elasticity is constant along the curve. B. elasticity is unity at every point on the curve. C. demand is elastic at low prices. D. demand is elastic at high prices.
Economics