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Consider the Following Sample Regression Equation = 150 -

Question 16

Multiple Choice

Consider the following sample regression equation 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 = 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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