If $\hat{y}$ = 120 - 3x with y = product and x = price of product, what happens to the demand if the price is increased by 2 units?
A) increases by 6 units
B) increases by 9 units
C) decreases by 6 units
D) decreases by 9 units

Question

Quizplus · Accepted Answer

The demand decreases by 6 units because if the price increases by 2 units (x + 2), the equation becomes ? = 120 ? 3(x + 2) = 120 ? 3x - 6, indicating a decrease in demand by 6 units.

If y^\hat{y}y^​ = 120 - 3x with Y = Product and X

If $\hat{y}$ = 120 - 3x with Y = Product and X