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Consider the Following Sample Regression Equation = 200

Question 28

Multiple Choice

Consider the following sample regression equation 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 = 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

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