Solved

The Following Simultaneous Equations Describe the Demand and Supply for a Particular

Question 6

Multiple Choice

The following simultaneous equations describe the demand and supply for a particular good in a competitive market. Qi = α1Pi + β1zi1 + ui1
Qi = α2Pi + β2zi2 + ui2
Which of the following are the endogenous variables in this model?


A) Pi,zi1,and zi2
B) Pi andQi
C) zi1,and zi2
D) ui1 and ui2

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: Exclusion restrictions are said to be imposed

Q2: The rank condition for identification of a

Q5: An equation in the simultaneous equations model

Q8: Which of the following correctly identifies a

Q11: The following equations represent a simultaneous equations

Q12: OLS is biased and inconsistent when applied

Q14: An alternative to using simultaneous equation models

Q17: If a structured model contains a time

Q23: Which of the following statements is true?<br>A)White

Q25: A predetermined variable in a simultaneous equations