The table above shows a sample of actual data used to estimate the demand function for Happy Clams seafood dinners. -Refer to the table above. Excel estimates the demand function for Happy Clams seafood dinners to be: Q^d = 1,200 - (20.50 × P). Which of the following statements is true? A)When the price is equal to $16, the estimated residual is - 8.0. B)When the price is equal to $16, the estimated residual is 8.0. C)When the price is equal to $16, the estimated residual is - 28.0. D)When the price is equal to $16, the estimated residual is 28.0.

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The Answer of The table above shows a sample of actual data used to estimate the demand function for Happy Clams seafood dinners. -Refer to the table above. Excel estimates the demand function for Happy Clams seafood dinners to be: Q^d = 1,200 - (20.50 × P). Which of the following statements is true? A)When the price is equal to $16, the estimated residual is - 8.0. B)When the price is equal to $16, the estimated residual is 8.0. C)When the price is equal to $16, the estimated residual is - 28.0. D)When the price is equal to $16, the estimated residual is 28.0.

The Table Above Shows a Sample of Actual Data Used