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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
IRA
An Individual Retirement Account, a financial tool designed to help individuals save for retirement with tax advantages.
Voluntary
An action undertaken by one's own free will without external coercion or undue influence.
Liquidation
The process of converting a company's assets into cash to pay off creditors before dissolving the company.
Involuntary
Occurring without a person's consent or control, often referring to actions or processes not chosen or intended.
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