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Question: what is the economic meaning of 4in the equation above...

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emp. + Where OD*- total quantity of natural gas consumed in vear t price of natural gas in year t price of oil in year t - price of coal in year f coal Petec = price of electrici!, in vear 1 Temp, average annual temperature in year t Inc median household income in vear t

What is the economic meaning of β4in the equation above? What is the expected sign of this parameter? Explain.

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