Consider the Following Sample Regression Equation = 150 -

question 122

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 the good increases by $3,then we expect demand for Product A to ______________.

• A) increase by 60
• B) decrease by 60
• C) decrease by 60,000
• D) increase by 60,000

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