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Typically, the Sales Volume Declines with an Increase of a Product's

Question 49

Multiple Choice

Typically, the sales volume declines with an increase of a product's price. It has been observed, however, that for some luxury goods the sales volume may increase when the price increases. The following scatterplot illustrates this rather unusual relationship. Typically, the sales volume declines with an increase of a product's price. It has been observed, however, that for some luxury goods the sales volume may increase when the price increases. The following scatterplot illustrates this rather unusual relationship. Using the quadratic equation, predict the sales if the luxury good is priced at $100. A) 1191.87 B) 1157.64 C) 1160.79 D) 1168.00 Using the quadratic equation, predict the sales if the luxury good is priced at $100.


A) 1191.87
B) 1157.64
C) 1160.79
D) 1168.00

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