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Question
A regression analysis between demand (yin 1000 units) and price (xin dollars) resulted in the following equation
= 9 " 3xThe above equation implies that if the price is increased by $1, the demand is expected to
a. increase by 6 units
b. decrease by 3 units
c. decrease by 6,000 units
d. decrease by 3,000 units
Answer
This answer is hidden. It contains 1 characters.
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