Felipe Is Interested in Testing Whether People Are More Likely

question 47

Multiple Choice

Felipe is interested in testing whether people are more likely to take gummy vitamins than regular (hard pill) vitamins. In his study, the experimental group is composed of participants who take _____, and his control group is comprised of participants who take _____.

• A) gummy vitamins; no vitamins
• B) gummy vitamins: regular vitamins
• C) regular vitamins; gummy vitamins
• D) regular vitamins; no vitamins

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Definitions:

Market Equilibrium

A market scenario in which the equilibrium between demand and supply results in stable prices.

Incentive

Anything that offers rewards to people to change their behavior.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared and capable of buying at a certain price.

Quantity Supplied

The quantity of a product that sellers are prepared and capable of offering for sale at a certain price during a defined timeframe.