When There Is an Increase in the Wages the Banking

question 175

Multiple Choice

When there is an increase in the wages the banking industry offers accountants, what happens to the supply of accountants available to other industries?

• A) The supply to other industries increases.
• B) The supply to other industries falls.
• C) The supply curve for other industries shifts to the right.
• D) no change

---

Definitions:

Regression Trend Line

A line graphed in scatter plot data to represent the average direction of the data points and understand the relationship between variables.

Regression Technique

A statistical method used to analyze the relationship between a dependent variable and one or more independent variables.

Linear Trend Line

A straight line that best represents the data on a scatter plot, showing the direction and rate of a linear relationship between two variables.

Regression Analysis

A set of statistical processes for estimating the relationships among variables, typically used to determine how the typical value of a dependent variable changes when any one of the independent variables is varied.