Question: A regression analysis linking demand ( y in 1000 units) and price ( x in $) resulted in the following equation: estimated Y = 9

A regression analysis linking demand (yin 1000 units) and price (xin $) resulted in the following equation: estimated Y = 9 - 3x.This equation implies that if the price isdecreasedby $1, demand can be expected to:

A. increase by 9,000 units

B. decrease by 9,000 units

C. increase by 3,000 units

D. decrease by 3,000 units

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