Exhibit 14-3.Consider the following sample regression equation ,where y is the demand for Product A (in 1000s)and x is the price of the product (in $). Refer to Exhibit 14-3.If the price of Product A is $5,then we expect demand to be
A)50
B)500
C)5,000
D)50,000.

Question

Exhibit 14-3.Consider the following sample regression equation  ,where y is the demand for Product A (in 1000s)and x is the price of the product (in $). Refer to Exhibit 14-3.If the price of Product A is $5,then we expect demand to be
A)50 
B)500 
C)5,000 
D)50,000.

Quizplus · Accepted Answer

The Answer of Exhibit 14-3.Consider the following sample regression equation  ,where y is the demand for Product A (in 1000s)and x is the price of the product (in $). Refer to Exhibit 14-3.If the price of Product A is $5,then we expect demand to be
A)50 
B)500 
C)5,000 
D)50,000.