chapter 3 #12 2. You are the manager of a firm that sells a leading brand of alk

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chapter 3 #12 2. You are the manager of a firm that sells a leading brand of alkaline batteries. A file named Q12.xls with data on the demand for your product is available online at www.mhhe.com/baye7e. Specifically, the file contains data on the natural logarithm of your quantity sold, price, and the average Income of consumers in various regions around the world. Use this Information to perform a log-linear regression, and then determine the likely Impact of a 3 percen decline in global income on the overall demand for your product.

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