Using Excel, Big Poppa's Estimates the Weekly Demand Function for Its

question 114

Multiple Choice

Using Excel, Big Poppa's estimates the weekly demand function for its BBQ sandwiches to be Q^d = 1,576.55 - (25.50 × P) . In reference to the estimated slope coefficient for price b^, which of the following standard errors gives you the most confidence that the estimated slope coefficient is close to the true slope coefficient?

• A)2.57
• B)25.2
• C)- 25.2
• D)1.03

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