A Researcher Finds That the More a Song Is Played

question 37

Multiple Choice

A researcher finds that the more a song is played on the radio, the greater the liking for the song. However, she also finds that if the song is played too much, people start to dislike the song. In the context of relationship between variables, what type of relationship exists between the song and its likeness factor?

• A)Positive linear relationship
• B)Negative linear relationship
• C)No relationship
• D)Curvilinear relationship

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Definitions:

Equilibrium Price

The price at which the quantity demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.

Equilibrium Quantity

The quantity of a good or service at which quantity demanded equals quantity supplied, leading to market equilibrium.

Demand Shifts

Movements of the demand curve to the left or right in a market diagram, indicating a change in the amount consumers are willing and able to purchase at various prices.

Equilibrium Price

The cost at which the amount of a product or service that consumers want to buy matches the amount available for sale, leading to a state of equilibrium in the market.