If the Price of Computers Decreases, Then the

question 64

Multiple Choice

If the price of computers decreases, then the

• A)sales of a substitute, such as a telephone, decreases.
• B)sales of a substitute, such as a telephone, increases.
• C)inventory of computers increases.
• D)inventory of computer software increases.

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Definitions:

Determination

The process of finding out or calculating something, often used in the context of deducing values in statistical analysis.

SSR

The sum of squared deviations of predicted values from the mean of observed values in a regression analysis; a measure of the variation explained by the regression model.

Independent Variables

Variables in an experiment or model that are manipulated or categorized to determine their effect on dependent variables.

Determination

Generally refers to the process of firm decision-making or the resolving of a problem; in statistics, it may refer to the coefficient of determination.