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Using Excel, Best Paints Estimates the Log- Linear Weekly Demand

Question 60

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Using Excel, Best Paints estimates the log- linear weekly demand function for their gallon sized
paints to be ln Qd = 16.23 - (1.85 ×ln P); at a price of $35, the predicted quantity Using Excel, Best Paints estimates the log- linear weekly demand function for their gallon sized paints to be ln Q<sup>d</sup> = 16.23 - (1.85 ×ln P); at a price of $35, the predicted quantity is 15,562.29. is 15,562.29.

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