Which of the Following Could Cause the Supply of Carrots

question 371

Multiple Choice

Which of the following could cause the supply of carrots to decrease?

• A) Consumers' incomes decrease.
• B) There is a technological advance in carrot production.
• C) Fertilizer costs increase.
• D) The number of farmers growing carrots increases.
• E) The price of carrots decreases.

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Definitions:

Null Hypothesis

The default position in statistical hypothesis testing that assumes no relationship or effect between the variables being studied.

P-value

The likelihood of getting test outcomes that are as significant as or more so than the ones actually seen, presuming the null hypothesis is true.

Level of Significance

The probability of rejecting the null hypothesis in a statistical test when the hypothesis is true; often represented by alpha (α).

Grand Mean

The mean or average of several group means, which gives an overall measure of the central tendency across all the groups considered together.