-Refer to the Graph Above to Answer This Question

question 145

Multiple Choice

-Refer to the graph above to answer this question.What would be the new equilibrium price and quantity if demand increased by 60?

• A)$1,600 and 120.
• B)$1,400 and 140.
• C)$1,200 and 160.
• D)$1,000 and 140.
• E)$1,000 and 180.

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Definitions:

Retention Rate

The percentage of individuals or items that remain in a system or process over a period, often used to measure customer or employee loyalty.

Null Hypothesis

The default hypothesis that there is no relationship or difference between certain phenomena or variables, tested for possible rejection in statistical analysis.

P-Value

A measure in statistics that helps determine the significance of results, indicating the probability of observing the given results if the null hypothesis is true.

Disapproval Rating

A metric, often used in politics and public opinion polling, indicating the percentage of respondents who are dissatisfied with a person or policy.