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Consider the Following Sample Regression Equation = 200

Question 8

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 increases by $3, then we expect the supply for Product A to ________. A) increase by 30 B) decrease by 30 C) increase by 30,000 D) decrease by 30,000 = 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 increases by $3, then we expect the supply for Product A to ________.


A) increase by 30
B) decrease by 30
C) increase by 30,000
D) decrease by 30,000

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