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

question 26

Multiple Choice

A regression analysis between demand (Y in 1000 units) and price (X in dollars) resulted in the following equation



= 9 - 3X
The above equation implies that if the price is increased by $1,the demand is expected to

• A)increase by 6 units
• B)decrease by 3 units
• C)decrease by 6,000 units
• D)decrease by 3,000 units

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Definitions:

Emotional Intelligence

The skill to recognize, employ, and regulate personal emotions beneficially to alleviate stress, communicate efficiently, connect with others emotionally, tackle obstacles, and mitigate conflicts.

Fugue State

A rare dissociative disorder characterized by reversible amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.

Anxiety

A state of distress or anxiety, especially in anticipation of something that is about to happen or because the result is not clear.

Negative Symptom

A term often used in psychology and psychiatry to describe a lack or diminution of normal functions, such as reduced emotion or motivation.