One Problem with Using Historical Data to Estimate Demand Is

question 23

Multiple Choice

One problem with using historical data to estimate demand is the

• A) fact that people do not always buy what they need.
• B) large number of interviews that must be conducted to gather information on buyers' intentions.
• C) many variations in price necessary to measure changes in demand.
• D) likelihood that the demand curve has shifted over the time period covered by the data.
• E) need to have both price and quantity data to estimate demand.

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