Is the following answer to the question below correct?

If the price is reduced by 1 unit then quantity demanded increases by 16.49 units, therefore if the price is reduced by $1.5, then the quantity demanded will increase as follows.

\fSUMMARY OUTPUT Regression Statistics Multiple R 0.9361 R Square 0.8763 Adjusted R Square 0.8694 Standard Error 6.2476 Observations 20 ANOVA of SS MS F Significance F Regression 1 4977.96 4977.96 127.53 1.33271E-09 Residual 18 702.59 39.03 Total 19 5680.55 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 127.97 5.22 24.51 2.81233E-15 117.00 138.94 117.00 138.94 X Variable 1 -16.49 1.46 -11.29 1.332718-09 19.56 -13.43 -19.56 -13.43A B C D E F G H Horizontal Axis Vertical Axis Independent (X) Dependent (Y) SMOOTHIE PRICE SMOOTHIE QUANTITY $4.08 56 3.61 67 3.5 69 2.46 84 Estimated Demand for Smoothies 1.69 108 120 5.33 45 2.33 91 100 3.14 76 3.33 51 80 4.72 49 2.57 86 60 2.58 88 3.62 70 4.78 40 53 y= -16.495x + 127.97 4.24 60 R? = 0.8763 2.19 97 20 3.86 67 3.38 70 2.91 50.00 79 $1.00 $2.00 53.00 $4.00 $5.00 $6.00 4.58 57