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If,as a result of a hypothesis test,you reject the null hypothesis when it is false,then you have committed
Price Falls
A decrease in the cost of goods or services in the market.
Surplus Decrease
A reduction in the amount by which the quantity supplied of a product exceeds the quantity demanded.
Consumer Surplus
The gap between the amount consumers are prepared to pay for a product or service and the actual price they pay.
Surplus Increase
Refers to the rise in excess resources or goods available beyond what is needed or consumed.
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