Refer to the following:
The estimated demand for a good is

$$\hat { Q } = 25 - 5 P + 0.32 M + 12 P _ { R }$$
where Q is the quantity demanded of the good, P is the price of the good, M is income, and
$P _ { R }$ is the price of related good R.
-The coefficient on P
A) does not have the expected sign.
B) is negative as expected.
C) should have the same sign as the coefficient on $P _ { R }$ .
D) should not be greater than one (in absolute value).
E) both b and d

Question

Refer to the following:
The estimated demand for a good is

$$\hat { Q } = 25 - 5 P + 0.32 M + 12 P _ { R }$$ 
where Q is the quantity demanded of the good, P is the price of the good, M is income, and
 $P _ { R }$ is the price of related good R.
-The coefficient on P
A) does not have the expected sign.
B) is negative as expected.
C) should have the same sign as the coefficient on $P _ { R }$ .
D) should not be greater than one (in absolute value).
E) both b and d

Quizplus · Accepted Answer

The Answer of Refer to the following:
The estimated demand for a good is

$$\hat { Q } = 25 - 5 P + 0.32 M + 12 P _ { R }$$ 
where Q is the quantity demanded of the good, P is the price of the good, M is income, and
 $P _ { R }$ is the price of related good R.
-The coefficient on P
A) does not have the expected sign.
B) is negative as expected.
C) should have the same sign as the coefficient on $P _ { R }$ .
D) should not be greater than one (in absolute value).
E) both b and d

Refer to the Following: the Estimated Demand for a Good Q^=25−5P+0.32M+12PR\hat { Q } = 25 - 5 P + 0.32 M + 12 P _ { R }Q^​=25−5P+0.32M+12PR​

Refer to the Following:
the Estimated Demand for a Good $\hat { Q } = 25 - 5 P + 0.32 M + 12 P _ { R }$