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A single-equation econometric model of the demand for a product is a ________equation in which the quantity demanded of the product is an ________ variable

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Question:

A single-equation econometric model of the demand for a product is a ________equation in which the quantity demanded of the product is an ________ variable

A.

structural, exogenous

B.

structural, endogenous

C.

definitional, exogenous

D.

definitional, endogenous

Answer» b. structural, endogenous

Note: The above multiple-choice question is for all general and Competitive Exams in India.