John Smith, the research manager for marketing at the Chevrolet
Division of the General Motors Corporation, has specified the following
general demand function for Chevrolets in the United States
Qc=f (Pc, N, I, PF, PG, A, PI)
Where Q cis the quality demanded of Chevrolets per year, PC is the
price of Chevrolets,
N is population,
I is disposable income,
PF is the price of Ford automobiles,
PG is credit incentives to purchase Chevrolets.
• Indicate whether you expect each independent or explanatory variable
to be directly or inversely related to the quality demanded of Chevrolets
and the reason for your expectation.
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I am not understanding u r question
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