When Home depot charges $93 for a children's game, they sell 100 units. When they charge $85, they sell 120 units. If they were to give away the game for free, how many units (Q) would be demanded
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When Home depot charges $93 for a children's game, they sell 100 units. When they charge $85, they sell 120 units.
If they were to give away the game for free, how many units (Q) would be demanded?
Using the given data:
P=Price is the dependent variable
Q=Quantity demanded is the independent variable.
We run a regression and obtain the following result:
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