In a regression analysis that estimates a demand function, the dependent variable is the ________.
A)consumers' income
B)quantity demanded
C)prices of related goods
D)price of the good

Question

Quizplus · Accepted Answer

The dependent variable in a demand function regression analysis is the quantity demanded, as it is the outcome variable that the analysis seeks to explain or predict based on independent variables like price, income, and prices of related goods.

In a Regression Analysis That Estimates a Demand Function, the Dependent