The coefficient of a linear regression equation indicates
A) the change in the dependent variable relative to a unit change in the independent variable.
B) the change in the independent variable relative to a unit change in the dependent variable.
C) the percentage change in the dependent variable relative to a unit change in the independent variable.
D) the percentage change in the independent variable relative to a unit change in the dependent variable.
Question 2
The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). At the current price of 35 per minute, consumer surplus equals
A) 301.
B) 924.50.
C) 1,225.50.
D) 1,250.
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