Figure 1. Advertising’s Shift and Rotation Effects on Demand Curves
WTP1 ~ N(3, 1), WTP2 ~ N(5, 1)
WTP1 ~ N(3, 1), WTP2 ~ N(3, 1.5)
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Figure 1. Advertising’s Shift and Rotation Effects on Demand Curves
WTP1 ~ N(3, 1), WTP2 ~ N(5, 1)
WTP1 ~ N(3, 1), WTP2 ~ N(3, 1.5)
25