1041. 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 ________
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.