Which One of the Following Will Definitely Decrease the Equilibrium

question 63

Multiple Choice

Which one of the following will definitely decrease the equilibrium quantity?

• A)an increase in both demand and supply
• B)a decrease in both demand and supply
• C)an increase in demand combined with a decrease in supply
• D)a decrease in demand combined with an increase in supply
• E)an increase in price

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Definitions:

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis, asserting that there is a statistically significant relationship between variables.

Non-directional

Refers to a type of hypothesis that does not predict the direction of the difference or relationship between variables.

Alternative Hypothesis

In hypothesis testing, the hypothesis that contradicts the null hypothesis, suggesting some effect or difference exists.

Non-directional

Pertains to hypotheses or tests that do not specify the direction of the expected differences or relationships.