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Consider the Following Sample Regression Equation = 150 -

Question 92

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 $) .The slope coefficient indicates that if ______________. A) the price of Product A increases by $1,then on average,demand decreases by 20 B) the price of Product A increases by $1,then on average,demand increases by 20 C) the price of Product A increases by $1,then on average,demand decreases by 20,000 D) the price of Product A increases by $1,then on average,demand increases by 20,000 = 150 - 20x,where y is the demand for Product A (in 1,000s) and x is the price of the product (in $) .The slope coefficient indicates that if ______________.


A) the price of Product A increases by $1,then on average,demand decreases by 20
B) the price of Product A increases by $1,then on average,demand increases by 20
C) the price of Product A increases by $1,then on average,demand decreases by 20,000
D) the price of Product A increases by $1,then on average,demand increases by 20,000

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