If You Conduct a Study and Predict That a Causes

question 67

Multiple Choice

If you conduct a study and predict that A causes B, then B is the ____.

• A)internal variable
• B)external variable
• C)independent variable
• D)dependent variable

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Definitions:

Cross-Price Elasticity

A measure of the responsiveness of demand for one good to a change in the price of another good.

Quantity Demanded

The total amount of a good or service consumers are willing and able to purchase at a given price in a specified period.

Price

The amount of money required to purchase a good, service, or asset, often determined by supply and demand.

Cross-Price Elasticity

Cross-Price Elasticity measures how the demand for one good responds to changes in the price of another good, indicating substitute or complementary relationships.