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Technological Advances That Allow a Good to Be Produced at a Lower

question 189

True/False

Technological advances that allow a good to be produced at a lower cost will shift the demand curve rightward.


Definitions:

Internal Validity

The extent to which a study can prove that a cause-and-effect relationship exists between the tested variables, excluding the influence of external factors.

Nonmonotonic Relationship

A relationship between two variables where the direction of the effect changes over the range of the variable, meaning it can increase then decrease, or vice-versa.

Independent Variables

The factors that are manipulated or varied by researchers in an experiment to determine their effect on the dependent variable.

Dependent Variable

In experimental research, the variable that is being tested and measured, expected to change as a result of manipulations to the independent variable.

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