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If $\hat{y}$ = 120 - 3x with Y = Product and X

Question 7

Multiple Choice

If $\hat{y}$ = 120 - 3x with y = product and x = price of product, what happens to the demand if the price is increased by 2 units?

A) increases by 6 units
B) increases by 9 units
C) decreases by 6 units
D) decreases by 9 units

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