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Use the following information to answer the question. Which treatment is most effective at treating head lice: Benzyl alcohol lotion, dandruff shampoo, or mayonnaise? In a study, researchers randomly assigned 55 subjects with head lice to one of three groups. All subjects had similar cases of head lice. Depending on which group they were assigned to, subjects received an over- the- counter remedy of Benzyl alcohol lotion, dandruff shampoo, or mayonnaise, which was applied by a trained professional. Afterwards, each subject was examined and any lice or eggs found were counted. Researchers found that Benzyl alcohol lotion produced better results than both dandruff shampoo and mayonnaise.
-Was this an observational study or a controlled experiment?
Income Elasticity
A measure of how much the demand for a good or service changes in response to changes in consumer income.
Inferior Good
is a type of good whose demand decreases when the income of consumers increases, contrary to what is observed with normal goods.
Cross-price Elasticity
A measure of how the demand for one good responds to a change in the price of another good, indicating their substitutability or complementarity.
Complements
Goods or services that are used together, where an increase in demand for one leads to an increase in demand for the other.
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