Multiple Choice
Assume that the following is the result of a demand estimation:
Assuming that all coefficients are statistically significant and the model does not suffer from any estimation issues, which of the following statements is wrong:
A) X is a normal good
B) X and Y are competing products
C) X and Z are competing products
D) A rise in the price of X reduces the quantity of X demanded
Correct Answer:

Verified
Correct Answer:
Verified
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