Figure 6-1

question 16

Multiple Choice

Figure 6-1
Graph (a)
Graph (b)
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-Refer to Figure 6-1. A binding price ceiling is shown in

• A)graph (a) only.
• B)graph (b) only.
• C)both graph (a) and graph (b).
• D)neither graph (a) nor graph (b).

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Definitions:

MSA

An abbreviation for Metropolitan Statistical Area, which is a geographical region with a relatively high population density at its core and close economic ties throughout the area.

Critical Value

A point on the scale of a test statistic beyond which the null hypothesis is rejected in favor of an alternative hypothesis.

Interaction Effect

A statistical phenomenon where the effect of one independent variable on a dependent variable depends on the level of another independent variable.

DfB

Degrees of Freedom Between groups, referring to the number of independent values in the calculation of variance between the different groups under study.