When There Is a Positive Correlation Between Two Variables,this Means

question 37

Multiple Choice

When there is a positive correlation between two variables,this means that

• A) the value of one variable increases as the value of another variable increases.
• B) the value of one variable increases as the value of another variable decreases.
• C) the value of one variable is the cause for increases in another variable.
• D) we are positive that the outcomes of this research are good for society.

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Definitions:

Monopolistically Competitive

Refers to a market structure where many companies sell products that are similar but not identical, allowing for some degree of market power and product differentiation.

Minimizes Average Costs

Refers to the strategy or condition in which a firm operates at the lowest possible cost per unit, optimizing efficiency.

Industry

A broad term referring to the production of goods or services within an economy that are related by their principal business activities.

Firm

An organization that produces goods or services in order to generate profit, typically within an economic system.