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QUESTION
b. Non linear relationshipi. Estimate a logarithmic form of the demand function.ii. Is the estimated demand function ‘good’? Explain your answer.iii. Compare with the linear form above. Elaborate.
b. Non linear relationship
i. Estimate a logarithmic form of the demand function.
ii. Is the estimated demand function ‘good’? Explain your answer.
iii. Compare with the linear form above. Elaborate.
