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)

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 preference

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