If the Demand Curve for Comic Books Is Expressed as Q

question 16

Multiple Choice

If the demand curve for comic books is expressed as Q = 10,000/p,then demand has a unitary elasticity

• A) only when p = 10,000.
• B) only when p = 100.
• C) always.
• D) never.

Know how to set up and interpret an ANOVA table, including calculating critical values.

Distinguish between different experimental designs and their suitability for comparing more than two populations.

Understand the requirements for the F-test in the context of ANOVA and randomized block designs.

Recognize the role of sum of squares for blocks (SSB) in reducing within-treatment variation.