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Consider the Following Sample Regression Equation = 200

Question 82

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 1000s) (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 1000s) (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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