Question: Refer to the table above. Excel estimates the demand function for Happy Clams seafood dinners to be: Qd = 1,200 - 20.50P statements is true?

Refer to the table above. Excel estimates the demand function for Happy Clams seafood dinners to be: Qd = 1,200 - 20.50P statements is true? O When the price is equal to $18, the estimated residual is zero. When the price is equal to $18, the actual quantity sold exceeds the predicted estimated quantity sold. O When the price is equal to $18, the actual quantity sold equals the predicted or estimated quantity sold. When the price is equal to $18, the predicted or estimated quantity sold exceeds the actual quantity sold

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