Consider the Following Sample Regression Equation = 150 -

question 43

Multiple Choice

Consider the following sample regression equation = 150 - 20x, where y is the demand for Product A (in 1,000s) and x is the price of the product (in $) . If the price of Product A is $5, then we expect demand to be ________.

• A) 50
• B) 500
• C) 5,000
• D) 50,000

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