In a 2 X 2 X 2 Factorial Design,there Are

question 77

Short Answer

In a 2 X 2 X 2 factorial design,there are ____________________ independent variables.
or

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Definitions:

Complements

Goods or services that are used together, where the use of one increases the demand for the other.

Substitutes

Goods or services that can be used in place of each other; as the price of one increases, the demand for the other increases.

Price Inelastic

Describes a situation where the demand for a product does not significantly change with a change in its price.

Gasoline Demand

The total quantity of gasoline that consumers are willing and able to purchase at various prices, within a given time period.