Changes in Which of the Following Shifts the Supply Curve

question 492

Multiple Choice

Changes in which of the following shifts the supply curve of hamburgers?

• A) a rise in the price of soda, a complement for hamburgers
• B) new research that establishes a link between hamburgers and heart problems
• C) an increase in the price of meat used to produce hamburgers
• D) an economy-wide decrease in income because of a long recession

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Definitions:

Dependent Variable

A factor in a study or model that is anticipated to vary as a result of alterations in the independent variable.

Independent Variable

An experimental variable that is changed or controlled to test its effects on dependent variables.

Coefficient Of Determination

A metric in statistics that evaluates the percentage of variability in the outcome variable that can be explained by the predictor variable(s).

SSE

Sum of Squared Errors, a measure used in statistics to quantify the discrepancy between data points and a model's predictions.