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.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.

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.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.

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.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.