Which of the Following Will Shift the Demand Curve for a Good

question 154

Multiple Choice

Which of the following will shift the demand curve for a good?

• A)a change in the technology used to produce the good
• B)an increase in the price of the good
• C)a decrease in the price of a complementary good
• D)a decrease in the price of the good

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Definitions:

Multiple-Comparison Procedures

Multiple-comparison procedures are statistical methods used to evaluate and compare multiple population means simultaneously while controlling for the error rate.

One-Way Analysis

A statistical method for testing the effect of a single factor on a response variable by comparing mean values among groups.

P-Value

In statistical hypothesis testing, the p-value is the probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.

F Test

A statistical test used to determine if there are significant differences between the variances of two or more groups.