Many studies consistently finds that employers want the skills gained from studying economics—the ability to make decisions, solve problems, obtain and process information, analyze data, and write and speak effectively. This marks economics subject as a very important and crucial subject in school. With all these put into consideration, writersabc are always here to help you with any economics question. Here is an example of a question.
We would like to estimate the elasticity for the demand of cigarettes in the United States. We have data for n-48 US states for the year 1995 for which we observe the quantity of packages bought per capita (QCIG), the real average price per package (PCG), and the real average in income per capita (Inci). We therefore estimate the following regression model:
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