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Estefania C.
Instructor for 7 years, PhD in Economics
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Economics
TutorMe
Question:

What is a Giffen good?

Estefania C.
Answer:

Are those goods that seem more appealing to consumers as their prices go up.

Econometrics
TutorMe
Question:

How do you interpret a coefficient from an OLS regression model?

Estefania C.
Answer:

A coefficient tells the marginal effect of the explanatory variable on the dependent variable.

Microeconomics
TutorMe
Question:

What is the price elasticity of demand?

Estefania C.
Answer:

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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