In the demand model the endogenous variable is 1Tastes and p
In the demand model, the endogenous variable is:
1.Tastes and preferences
2. Income
3.Prices of other related goods and services
4.Price
| 1.Tastes and preferences | |
| 2. Income |
Solution
Endogenous Variable
A classification of a variable generated by a statistical model that is explained by the relationships between functions within the model.
So in this case Answer is= Price(4)
