A Statement Is Made About Correlation

question 210

Multiple Choice

A statement is made about correlation. State whether the correlation is positive or negative and whether the correlation ismost likely due to coincidence, a common underlying cause, or a direct cause.
-Towns with a lot of churches had a lot of homicides last year. Towns with fewer churches had fewer homicides.

• A)Positive correlation; direct cause
• B)Negative correlation; common underlying cause
• C)Positive correlation; common underlying cause
• D)Positive correlation; coincidence

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Definitions:

Quantity Supplied

The volume of a commodity or service suppliers are prepared and able to market at a certain price.

Supply

The total amount of a good or service that is available for purchase at various price levels during a specified time period.

Demand and Supply

Demand and Supply are fundamental economic concepts representing the desire and ability to purchase goods and services and the amount of goods and services available for sale, respectively.

Market Supply

The total of what all producers are willing and able to sell at a given price over a specified time period.