Table 31.2.1 Canada's Market for Widgets

question 72

Multiple Choice

Table 31.2.1
Canada's Market for Widgets

Refer to the table below to answer the following questions.
-Table 31.2.1 shows the Canadian supply of and demand for widgets.Widgets are available on the world market for $7.If the Canadian government imposes a tariff of $1,how many widgets will Canada import?

• A)32 million
• B)24 million
• C)16 million
• D)28 million
• E)40 million

---

Definitions:

Null Hypothesis

A statement used in hypothesis testing that assumes there is no significant difference or effect.

Research Hypothesis

A specific, testable prediction made before conducting research, often proposing a relationship between variables.

Null Hypothesis

The default assumption that there is no significant difference or relationship between variables being studied.

Directional Hypothesis

A directional hypothesis predicts the specific direction of the relationship between variables, such as one variable increasing as the other decreases.