Solve the below problem:
Q:Yeager Corporation has used regression analysis to perform price elasticity analysis. In doing so management regressed the quantity demanded (y variable) against price (x variable) with the following resultss Multiple R .86798, Adjusted R squared .72458, Standard error 542.33, Intercept 56400.50
Price coefficient -4598.20
Calculate the predicted quantity demanded if price is set at $ 7.00.