Question

4. The following is an estimated supply regression for sugar : Y = 0.025 + 1-5X
where Y is supply in kilos and X is price (Rs.) per kilo
Interpret the coefficient of variable X,
(11) Predict the supply when price is Rs. 20 per kilo
(IM) Given that r(x, y) = 1 in the above case, interpret the implied relationship
between price and quantity supplied.​

Answer 1

Answer:

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Explanation:

I don't know happy teddy day

I don't know happy teddy day