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

question 47

Multiple Choice

A regression analysis between demand (y in 1000 units) and price (x in dollars) resulted in the following equation: ​ = 9 - 4x
​
The above equation implies that if the price is increased by $1, the demand is expected to

• A) increase by 5 units.
• B) decrease by 4 units.
• C) decrease by 5000 units.
• D) decrease by 4000 units.

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