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If $\hat{y}$ = 110 - 5x with Y = Product and X

Question 38

Multiple Choice

If $\hat{y}$ = 110 - 5x with y = product and x = price of product, what happens to the demand if the price is increased by 3 units?

A) increases by 15 units
B) increases by 125 units
C) decreases by 15 units
D) decreases by 95 units

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