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

question 123

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 - 10x
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Based on the above estimated regression equation, if price is increased by 3units, then demand is expected to

• A) increase by 120 units.
• B) decrease by 100 units.
• C) increase by 30 units.
• D) decease by 30 units.

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Definitions:

Financial Risk

Refers to the possibility of losing money on an investment or business venture.

Home Currency

Home currency refers to the currency of the country in which an individual or entity primarily operates or resides.

Short-Run Financial Risk

Refers to the potential for financial loss that a company faces in the immediate future due to its obligations and operating costs.