A Ban Has the Effect of ____ the ____ For/of

question 62

Multiple Choice

A ban has the effect of ____ the ____ for/of the product. Equilibrium price will ____.

• A) increasing; demand; increase
• B) increasing; supply; decrease
• C) decreasing; supply; increase
• D) decreasing; demand; decrease
• E) eliminating; demand; not exist

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Definitions:

Level of Significance

A threshold of probability set before testing hypotheses, below which the null hypothesis is rejected.

Treatments

Specific conditions applied to the participants or subjects in an experimental study.

Total

The sum of all values in a set of numbers.

Null Hypothesis

The default hypothesis that there is no significant difference or effect, serving as a starting point for statistical hypothesis testing.