Multiple Choice
In order to determine a causation between a change in the price of iPads and the amount of iPads purchased by customers,an economist must show that
A) there is no correlation between the price of iPads and the quantity of iPads purchased.
B) the change in the quantity of iPads purchased occurs after the change in the price of iPads.
C) the change in the price of iPads occurs along with the change in the quantity of iPads purchased.
D) the changes in the price and quantity of iPads purchased always move in the same direction.
E) the change in the price of iPads brings about the change in the quantity of iPads purchased.
Correct Answer:
Verified
Correct Answer:
Verified
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