use the estimated demand curve to calculate price elasticities of demand at different prices.
You will be given data about the demand for a good. Using these data your group will estimate a demand curve. Your group will report the estimated demand curve and discuss its fit. Your group will also use the estimated demand curve to calculate price elasticities of demand at different prices.
For each project I want you to assume that a supervisor assigned this project to your group. (In some real sense, for the last project a supervisor did assign theproject. Of course, that supervisor is just me…) After your group has completed the analysis, your group is to submit a 2 to 5 page report responding to the supervisor. I expect that most of the effort ought to be devoted to the report because I think the analysis for each project is generally straightforward. There are 5 group projects. The grading scale for the assignments will be 1 to 10. But I really plan on grading most projects 10, 9, or 8.
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