If Apple Raises the Price for a Downloaded Song at the ITunes

question 48

Multiple Choice

If Apple raises the price for a downloaded song at the iTunes store we will see a(n)

• A) increase in demand for iPods.
• B) decrease in consumers' incomes if downloaded songs are inferior goods.
• C) decrease in quantity demanded of downloaded songs.
• D) decrease in demand for substitutes for downloaded songs.
• E) increase in consumers' incomes if downloaded songs are normal goods.

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Definitions:

Sum of Squares for Blocks

A measure used in analysis of variance to quantify the variability among different blocks or groups in an experiment.

Randomized Block Design ANOVA

A statistical method used in experiments to minimize the variability among experimental units by grouping similar units together and then randomly assigning treatments within these blocks.

SS(Total)

The total sum of squares in a statistical analysis, representing the total variation in the dataset.

ANOVA Table

A tabulated format that displays the output from an analysis of variance, summarizing the sources of variation and the associated statistical tests.