Jake Wants to Establish a Cause-Effect Relationship Between Two Variables

question 23

Multiple Choice

Jake wants to establish a cause-effect relationship between two variables.He should use _______________ to establish causation between the two variables.

• A)a regression analysis
• B)a non-experimental design
• C)an experimental design
• D)a quasi-experimental design

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Definitions:

Total Revenue

Total revenue refers to the entire amount of money generated by a firm or entity from its business activities, such as sales of goods or services, before any expenses are subtracted.

Ideally

In a perfect or most suitable way, often used to describe an optimal condition or scenario.

Very Elastic

A description of a demand or supply curve which shows that the quantity demanded or supplied changes significantly as price changes.

Unit Elastic

A situation in which a one percent change in price causes an equal percentage change in quantity demanded or supplied.