1. Lectures in Microeconomics-Charles W. Upton Estimating Demand Functions

2. Q P

3. Q P

4. Q P

5. Q P

6. Q P 33 22 11

7. Q P 33 22 11  2 1 +  2 2 +  2 3

8. Estimating Demand Functions Q P D

9. Q P D S S S

10. Q P S DD D Estimate a Demand Curve, get a Supply Curve

11. Estimating Demand Functions Q P S S S DD D

12. Q P S S S DD D

13. Q P S S S DD D GIGO!

14. Estimating Demand Functions Q P D Cola D Coke, Prices Equal

15. Estimating Demand Functions Q P D Cola D Coke, Prices Equal

16. Estimating Demand Functions Q P D Cola D Coke, Prices Equal

17. Estimating Demand Functions Q P D Cola D Coke, Prices Equal There are statistical (or econometric) methods for addressing all of these issues, but they are complicated and fraught with the potential for error.

18. Estimating Demand Functions Q P D Cola D Coke, Prices Equal Often they require more data than you are likely to have available.

19. Estimating Demand Functions Q P D Cola D Coke, Prices Equal Think

20. Estimating Demand Functions End ©2003 Charles W. Upton