Which of the Following Is False

question 22

Multiple Choice

Which of the following is false?

• A) If demand increases and supply decreases, equilibrium price will go up.
• B) If demand remains constant and supply increases, equilibrium price will go down.
• C) If demand decreases and supply increases, equilibrium price will rise.
• D) If supply is unchanged and demand decreases, equilibrium price will fall.

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Definitions:

Observation

A method of data collection involving closely monitoring and recording behaviors, actions, or events as they occur naturally, without interference.

Theory Development

The process of constructing a coherent set of propositions or hypotheses to explain phenomena, often tested through scientific research.

Hypothesis Testing

A statistical method that is used in making statistical decisions using experimental data.

Specific Hypotheses

Precise, testable predictions derived from a broader theory that specify the expected relationship between variables.