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Economics - Econometrics

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Suppose we have estimated the slope of a supply curve and wish to test whether the supply is flat, that is. whether its slope is 0. What is the null hypothesis? Should we use a one tailed test? What is the alternative hypothesis?

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The expert examines econometrics in economics. A complete, Neat and Step-by-step Solution is provided.

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Since what we want to test is if the supply curve is flat, that is, if its slope m is equal ...

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