The Demand for Computers Has Risen Dramatically at the Same

question 194

Multiple Choice

The demand for computers has risen dramatically at the same time that the unit cost of production has decreased.As a result, we can expect

• A)a decrease in price and no predictable impact on output.
• B)a definite decrease in price and increase in output.
• C)an increase in output with no predictable change in price.
• D)no predictable changes in either price or output.

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Definitions:

Illusory Correlation

The occurrence where one perceives connections among variables (commonly individuals, occurrences, or actions) despite the lack of any actual link.

Experimenter Bias

A process where the scientists conducting an experiment influence the outcome due to subjective expectations or preferences.

Illusory Correlations

The phenomenon when people falsely perceive an association between two events or situations, primarily due to cognitive biases or statistical artifacts.

Independent Variables

Variables in an experiment that are manipulated by the researcher to test their effect on dependent variables.