A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation: ! = 50,000 - 8X The above equation implies that an ________

• A. increase of $1 in price is associated with a decrease of $8 in sales
• B. increase of $8 in price is associated with an increase of $8,000 in sales
• C. increase of $1 in price is associated with a decrease of $42,000 in sales
• D. increase of $1 in price is associated with a decrease of $8000 in sales