Question

Assume that you have collected a sample of observations from over 100 households and their consumption and income patterns. Using these observations, you estimate the following regression Ci-β0 +β1 Y, + μί, where C is consumption and Yis disposable income. The estimate of p1 will tell you: O A. APredicted Consumption Ов. O C. Predicted Consumption O D. The amount you need to consume to survive. AIncome Income APredicted Consumption Income

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