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

question 91

Multiple Choice

A regression analysis linking demand (y in 1000 units) and price (x in $) resulted in the following equation: estimated Y = 9 - 3x.This equation implies that if the price is decreased by $1, demand can be expected to:

• A)increase by 9,000 units
• B)decrease by 9,000 units
• C)decrease by 3,000 units
• D)increase by 3,000 units
• E)none of the above

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Definitions:

Fat Cells

Cells specializing in storing energy in the form of fat, also known as adipocytes, playing a key role in metabolism, energy storage, and insulation.

Decreased Eating

Decreased eating refers to a reduction in food intake, which can be a symptom of various health conditions or psychological issues.

Vasodilatation

The widening of blood vessels, resulting in increased blood flow.

Hypothalamus

A region of the brain responsible for the regulation of certain metabolic processes and other activities of the autonomic nervous system.