Consider the Following Sample Regression Equation = 200

Multiple Choice

Consider the following sample regression equation = 200 + 10x,where y is the supply for Product A (in 1000s) (in 1,000s) and x is the price of Product A (in $) .The slope coefficient indicates that if ___________.

A) the price of Product A increases by $1,then on average,supply decreases by 10
B) the price of Product A increases by $1,then on average,supply increases by 10
C) the price of Product A increases by $1,then on average,supply decreases by 10,000
D) the price of Product A increases by $1,then on average,supply increases by 10,000