Consider the Following Sample Regression Equation = 200

question 28

Multiple Choice

Consider the following sample regression equation = 200 + 10x, where y is the supply for Product A (in 1,000s) and x is the price of Product A (in $) . If the price of Product A is $5, then we expect supply to be ________.

• A) 250
• B) 2,500
• C) 25,000
• D) 250,000