The __________ Indicates the Number of Units Variable Y Changes

question 104

Multiple Choice

The __________ indicates the number of units variable Y changes as variable X changes by 1 unit.

• A)intercept
• B)correlation coefficient
• C)slope
• D)standard error of estimate

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Definitions:

Inferior Good

A type of good whose demand decreases when consumer incomes increase.

Normal Good

An item that sees a rise in desire when the income of buyers increases, and experiences a decline in demand when the income of buyers drops.

Consumer Expectations

Anticipations of future prices, product quality, or available services that influence consumer decisions on spending and saving.

Normal Goods

Goods for which demand increases as consumer income rises, making them positively correlated with income changes.