The estimated price elasticity of demand (PED) for coffee is -0.1647, which means that a 1% increase in the relative price of coffee leads to a 0.1647% decrease in the quantity demanded of coffee. .
The estimated income elasticity of demand (YED) for coffee is 0.5115, which means that a 1% increase in per capita personal disposable income leads to a 0.5115% increase in the quantity demanded of coffee.
The estimated cross-price elasticity of demand (CED) between tea and coffee is -0.0089, which means that a 1% increase in the relative price of tea leads to a 0.0089% decrease in the quantity demanded of coffee. The coefficient is small and statistically insignificant, suggesting that the price of tea does not have a significant effect on the consumption of coffee.
It is possible that advertising expenditure is omitted from the equation because it may be difficult to measure accurately or may not have a significant effect on coffee consumption. Alternatively, advertising may be captured in the error term of the equation.
The trend factor is included in the equation to capture the effect of time on coffee consumption that is not captured by the other variables in the equation. The coefficient on the trend factor is positive, indicating that coffee consumption has been increasing over time during the sample period.
The seasonal pattern in coffee consumption in the USA is captured by the dummy variables D1, D2, and D3, which take the value of 1 in the first, second, and third quarters, respectively, and 0 otherwise. The estimated coefficients on these variables suggest that coffee consumption is highest in the first quarter, lower in the second quarter, and lowest in the third quarter.
The R-squared value of 0.80 suggests that the model explains 80% of the variation in coffee consumption during the sample period. This is a relatively high R-squared value, indicating that the model fits the data well.
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b. negate each other.
c. reveal a difference of 25%.
d. reveal a difference of 50%.
Answer:
To break a chemical bond, it is required that particles must have certain amount of energy so that when they can collide with each other due to this energy.
Explanation:
Answer:
balance
Explanation:
Gordon Bazemore is a professor of Criminal Justice and is an avid speaker on the topic of Restorative Justice. According to my research on Bazemore's studies, I can say that based on the information provided within the question he has suggested that restorative justice should be organized around the principle of balance. In other words it should be a balanced approach that divides efforts equally into crime victims, increase competency in offenders, enhancing community safety.
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Answer:
B) False
Explanation:
the name for god in Islam is Allah
2)develop a democratic government
3)strengthen economic ties with communist neighbors
4) reduce gap between rich and poor
One way in which the Great Leap Forward and the four modernizations are similar is that each was an attempt to increase farm and factory output. Thus, the correct option is 1.
An industry's output is the total amount of goods and services generated within that industry over a specific time period and sold to customers or other firms.
An economic process that uses inputs to create a good or service that is offered for purchase or usage elsewhere is said to produce an output.
In the context of production, net output, also known as netput, is a quantity that is positive if it is an output of the manufacturing process and negative if it is an input.
Because the output belongs to someone, when a certain amount of output is created, an equal amount of income is also produced.
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