Tag Economic Variables Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets. QD

Economic Variables

Economic Variables Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets. QD       =          -2,000 – 100P + 15A + 25PX + 10I (5,234)  (2.29)   (525)   (1.75)  (1.5) R2 = 0.85           n = 120            …