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30-05-2023
Business

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A regression analysis between demand (y in 1000 units and price (x in dollars) resulted in the following equation: y_hat=30-5x The above equation implies that if the price is increased by $1,

the demand is expected to increase by 5000 units
decrease by 5000 units
decrease by 25,000 units
decrease by 30,000 units

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