A regression analysis between sales (in 00) and price (in dollars) resulted in the following equation: ! = 50,000 – 8X The above equation implies that an ________

By Admin / October 4, 2025

A. increase of in price is associated with a decrease of in sales

B. increase of in price is associated with an increase of ,000 in sales

C. increase of in price is associated with a decrease of ,000 in sales

D. increase of in price is associated with a decrease of 00 in sales

✅ The correct answer is option D.

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