Exhibit 14-4.Consider the following sample regression equation ,where y is the supply for Product A (in 1000s)and x is the price of Product A (in $). Refer to Exhibit 14-4.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.

Question

Exhibit 14-4.Consider the following sample regression equation  ,where y is the supply for Product A (in 1000s)and x is the price of Product A (in $). Refer to Exhibit 14-4.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.

Quizplus · Accepted Answer

The Answer of Exhibit 14-4.Consider the following sample regression equation  ,where y is the supply for Product A (in 1000s)and x is the price of Product A (in $). Refer to Exhibit 14-4.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.