In a Two-Factor Experiment with 2 Levels of Factor a and 2

question 9

Multiple Choice

In a two-factor experiment with 2 levels of factor A and 2 levels of factor B, three of the treatment means are essentially identical and one is substantially different from the others.What result(s) would be produced by this pattern of treatment means?

• A)a main effect for factor A
• B)a main effect for factor B
• C)an interaction between A and B
• D)The pattern would produce main effects for both A and B, and an interaction.

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Definitions:

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in the price of that good.

Price Elasticity

The degree to which the demand for a good is responsive to changes in its price.

Tax Passed

Occurs when the burden of a tax is shifted from the entity legally responsible for it to another party, such as consumers.

Import Quota

A regulatory measure that sets a physical limit on the quantity of goods that can be imported into a country over a specified period of time.