Multiple Choice
A regression analysis between demand (Y in 1000 units) and price (X in dollars) resulted in the following equation 
= 9 - 3X The above equation implies that if the price is increased by $1, the demand is expected to
A) increase by 6 units
B) decrease by 3 units
C) decrease by 6,000 units
D) decrease by 3,000 units
Correct Answer:
Verified
Correct Answer:
Verified
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