Explain briefly what other variables you would consider in estimating the demand function for bars and why?
Ellie hires an economist to determine the demand for nutritional health bars. The economist tells her that the quantity of her bars demanded is given by the following equation: Q = 8,000 – 4,000 P + 5 I + 320 Pc, where P is the price charged for each of Ellie’s bars, I is income […]