Consider a project in which you have 120 participants answering a questionnaire about perceived quality and perceived price of several variations of a product.
Each participants gets introduced to a picture of 12 different variations of a product (this could be a color change, geometric change etc).
We therefore have 120*12 = 1440 observations.
Can I run a linear regression on a parameter such as "perceived price" and then product variation 1-12 to see if there is a significant difference in perceived price?
I feel I am violating some law of regression seeing as there are only 120 people participating and their answers may be biased for the rest of their observations, while the observation count is 1440.