Suppose that a restaurant uses a focus group of regular customers to determine how many
customers would buy a proposed new menu item at various prices. Can this information be used
to estimate an inverse demand function? A demand function? Explain briefly. Would it be
possible to use a focus group to generate data that could be used to estimate a demand
function that includes both price and income as explanatory variables?
Answers
Answered by
22
Explanation:
He denounced the leading of life as an ascetic and put great emphasis on hard work and earning livelihood. For him taking care of one's family and providing food and shelter for them was one of the prime duties of man before God.
Answered by
1
Answer:
suitable on the conversation to convert to the 9 of 2v
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