Which of the Following Statements Is Not Correct About the Alternative

question 51

Multiple Choice

Which of the following statements is not correct about the alternative hypothesis?

• A)There is no way to determine whether the alternative hypothesis is true.
• B)The alternative hypothesis represents the conclusion for which evidence is sought.
• C)The alternative hypothesis is the opposite of the null hypothesis.
• D)None of the statements are correct.

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.

Excise Tax

A tax imposed on specific goods, services, or transactions, often included in the price of products like tobacco, alcohol, and fuel.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing and able to sell.

Deadweight Loss

The reduction in economic efficiency that happens when a good or service doesn't reach or cannot reach equilibrium.