Tom Was Out Shopping for a Sweater and Learned That

question 28

Multiple Choice

Tom was out shopping for a sweater and learned that they will all go on sale tomorrow.We would expect Tom's demand for sweaters today to:

• A) increase.
• B) shift to the left.
• C) move down along his demand curve.
• D) shift to the right.

---

Definitions:

Independent Variable

A variable in an experiment or study that is manipulated to observe its effect on a dependent variable.

SSE

Squared Error Sum, a statistical metric that quantifies the difference between observed data and a predictive model's estimates.

Sample Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two quantitative variables in a sample.

Dependent Variable

The variable in an experiment or study that is affected by changes in the independent variable, and which researchers aim to measure or predict.