If All the Values of an Independent Variable X Are

question 49

Multiple Choice

If all the values of an independent variable x are equal, then performing a simple linear regression on a dependent variable y will result in a coefficient of determination that is equal to:

• A) infinity.
• B) 1.0.
• C) 0.5.
• D) 0.

Distinguish between consumer and producer surplus before and after taxation.

Understand the concept of deadweight loss due to taxes.

Comprehend how the burden of a tax is distributed between buyers and sellers.

Analyze graphical representations of market changes due to taxes.

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