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 $).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

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 $).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 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 $).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.

Consider the Following Sample Regression Equation = 200