With advertising held fixed, what would be the expected impact ...

[madam-professor]

With advertising held fixed, what would be the expected impact over time of a 1 increase in disposable income per student on clothing expenditure?
 
  What will be an ideal response?

Question 2

When comparing experiments, surveys, and direct observation as methods of data collection, the method that would typically be the least expensive is surveys.
 
  Indicate whether the statement is true or false

[triiciiaa]

Answer to Question 1

Total effect = 0.152 / (1 - 0.452 ) = 0.277
With advertising held fixed, a 1 increase in disposable income per student would result in total expected increase of 0.277 in clothing expenditures over all current and future time periods.

Answer to Question 2

TRUE

[madam-professor]

Thank you

[triiciiaa]

Happy to help you