Question: Regression analysis was applied between demand for a product (y) and the price of the product (r), and the following estimated regression equation was

Regression analysis was applied between demand for a product (y) and the price of the product (r), and the following estimated regression equation was obtained. = 120-10x Based on the above estimated regression equation, if price is increased by $1, then demand is expected to O increase by 120 units. O decrease by 120 units. O increase by 10 units. O decease by 10 units.

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