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Which of the following statements is NOT true about the following results?
(t = 1.80, df = 12, p > .05)
Product X
A placeholder term for an unspecified or hypothetical product used in discussions or analyses.
Income Elasticity of Demand
A measure of how much the quantity demanded of a good changes in response to a change in consumer income.
Consumer Income
The total earnings of consumers, which determines their purchasing power and ability to consume goods and services.
Jewelry
Decorative items worn for personal adornment, such as rings, necklaces, earrings, and bracelets, which are often made from valuable materials.
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