If the Number of Suppliers of Good Y Increases, Then

question 168

Multiple Choice

If the number of suppliers of good Y increases, then

• A)a movement up along the supply curve of good Y will occur.
• B)a movement down along the supply curve of good Y will occur.
• C)the supply curve of good Y shifts rightward.
• D)the supply curve of good Y shifts leftward.
• E)the supply curve of good Y will remain unchanged.

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Definitions:

Two-Factor ANOVA

A statistical analysis method used to analyze the effects of two independent variables on a dependent variable and the interaction between them.

Interaction

In statistics, the interdependent effect of two or more variables on a response variable, where the effect of one variable depends on the level of the other variable(s).

Treatments

The specific conditions applied to the experimental units or subjects in a study to observe potential effects.

Levels

The different values or categories of a factor in an experiment or statistical analysis.