QD = 20000 10P + 1500A + 5PX + 10I(5234) (2.29) (525) (1.75) (1.5)R2 = 0.85 n =

QD = 20000 10P + 1500A + 5PX + 10I(5234) (2.29) (525) (1.75) (1.5)R2 = 0.85 n = 120 F = 35.25Your supervisor has asked you to compute the elasticities for each independent variable. Assume the following values for the independent variables:Q = Quantity demandedP (in cents) = Price of the product = 8000PX (in cents) = Price of leading competitors product = 9000I (in dollars) = Per capita income of the standard metropolitan statistical area(SMSA) in which the supermarkets are located = 5000A (in dollars) = Monthly advertising expenditures = 64Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets.