When Two Variables Have a Negative Correlation

question 13

Multiple Choice

When two variables have a negative correlation,

• A)when the x-variable decreases,the y-variable decreases.
• B)when the x-variable decreases,the y-variable increases.
• C)when the x-variable increases,the y-variable increases.
• D)More than one of the above is correct.

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Definitions:

Industry Domination

A scenario where one or a few companies control a significant share of the market, often leading to a reduction in competition.

Economies of Scale

The cost advantage achieved when production becomes efficient, leading to a decrease in the average costs per unit as output increases.

Technology Specialization

The focus of a company or industry on a specific technology niche, with the aim of achieving leadership and expertise in that area.

Market Segmentation

The process of dividing a market of potential customers into groups, or segments, based on different characteristics.