When People Heard That There Was a Shortage of Specialty

question 72

Multiple Choice

When people heard that there was a shortage of specialty dolls, they wanted even more of them. Because of this effect the pressure on the price of these dolls increased. The price of the dolls remained the same however. Thus, the shortage of these dolls:

• A) increased.
• B) decreased.
• C) did not change.
• D) may have increased or decreased.

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Definitions:

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A scope of values from statistics of a sample, seen as likely to possess the value of an unspecified population feature.

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