From a Point of Equilibrium, Which of the Following Would

question 47

Multiple Choice

From a point of equilibrium, which of the following would most likely result in a surplus?

• A) If demand shifted to the right
• B) If the government kept the price greater than the equilibrium price
• C) If supply shifted to the left
• D) If the government kept the price below the equilibrium price
• E) If the quantity demanded was greater than the quantity supplied

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Definitions:

Wilcoxon Rank Sum Test

A nonparametric statistical test that compares two independent samples to assess whether their population mean ranks differ.

Observed Value

The actual value that is measured during an experiment or calculated from a dataset, as opposed to a theoretical expectation.

Wilcoxon Rank Sum Test

A nonparametric statistical test for assessing whether two samples come from the same distribution, based on rank sums.

Alternative Hypothesis

The hypothesis that there is a significant difference between groups or conditions, contrasting the null hypothesis in statistical testing.