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In a clinical trial, 780 participants suffering from high blood pressure were randomly assigned to one of three groups.Over a one-month period, the first group received a low dosage of an experimental drug, the second group received a high dosage of the drug, and the third group received a placebo.The diastolic blood pressure of each participant was measured at the beginning and at the end of the period and the change in blood pressure was recorded.Identify the factor in the experiment.
Budget Constraints
The limitations on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.
Law of Demand
The principle that, all other factors being equal, as the price of a product decreases, the quantity demanded of the product will increase, and vice versa.
Budget Constraint
An economic model that represents all the combinations of goods and services a consumer can afford given their income and prices of goods.
Labor-Supply Curve
A graphical representation showing the relationship between the wages offered and the number of hours workers are willing to supply.
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