Tutor profile: Estefania C.
What is a Giffen good?
Are those goods that seem more appealing to consumers as their prices go up.
How do you interpret a coefficient from an OLS regression model?
A coefficient tells the marginal effect of the explanatory variable on the dependent variable.
What is the price elasticity of demand?
Price elasticity of demand is the measure of how much consumers are willing to change the consumption of goods due to changes in price.
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