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 $).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

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 $).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 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 $).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

Consider the Following Sample Regression Equation = 200