Regression Analysis Was Applied Between Demand for a Product (Y)

question 62

Multiple Choice

Regression analysis was applied between demand for a product (Y) and the price of the product (X) , and the following estimated regression equation was obtained. = 120 - 10 X Based on the above estimated regression equation, if price is increased by 2 units, then demand is expected to

• A)increase by 120 units
• B)increase by 100 units
• C)increase by 20 units
• D)decease by 20 units

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