A Regression Analysis Between Demand Y in 1000 Units) and Price

question 126

Multiple Choice

A regression analysis between demand Y in 1000 units) and price X in dollars) resulted in the following equation = 9 - 3X
$\hat { Y }$ The above equation implies that if the price is increased by $1, the demand is expected to

• A) increase by 6 units
• B) decrease by 3 units
• C) decrease by 6,000 units
• D) decrease by 3,000 units

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