The relationship between the value y (in dollars) of a car and its age X (in years) is estimated from a random sample of cars. An equation that models this relationship is y = 23,100 - 1,273x.
Based on this model, which of the following statements is true?
A
For each year the car ages, its value decreases by approximately 12.73%
B
For each year thiggar ages, its value increases by approximately 12.73%
с
For each year the car ages, its value decreases by approximately $1273
For each year the car ages, its value increases by approximately $1273
E
For each year the car ages, its value increases by approximately $23.100