What Does It Mean to Say That Two Variables Are

question 102

Multiple Choice

What does it mean to say that two variables are negatively correlated?

• A) An increase in one variable is associated with a decrease in the other.
• B) An increase in one variable is associated with an increase in the other.
• C) A decrease in one variable is associated with a decrease in the other.
• D) The two variables have no relationship.

Understand the economic challenges faced by alternative media outlets in the digital landscape.

Discuss the implications of media homogeneity and diversity on consumer choice and culture.

Understand the influence of economic forces on media production and distribution.

Recognize the impact of media platform dynamics, including content availability and advertisement on media consumption.

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Definitions:

Normal Good

A good for which demand increases when consumer income rises, and decreases when consumer income falls.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, and vice versa.

Complementary Goods

Products or services that are typically consumed together, where the increase in demand for one leads to an increase in demand for the other.

Substitute Goods

Products or services that can be used in place of each other, where the increase in the price of one leads to an increase in demand for the other.