A Hypothesis ______

question 2

Multiple Choice

A hypothesis ______.

• A) formulates a relation (e.g., if… then…) that can be tested empirically
• B) is the result of the researcher's hypothetical thinking
• C) formulates a relation that is impossible to be or become real
• D) is free of any theoretical background

---

Definitions:

Highest Valued Uses

The application of resources or efforts in the manner that yields the greatest benefit or utility.

Increased Demand

Refers to a situation where there's a higher desire or need for a particular product or service, often leading to higher prices if supply does not match the surge.

Price Ceiling

A legally established maximum price that can be charged for a good or service.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to buy at a specific price.