Which of the Following Is False

question 33

Multiple Choice

Which of the following is False?

• A) Rightward shift in demand + unchanged supply curve = higher equilibrium price and larger equilibrium quantity
• B) Rightward shift in demand + Rightward shift in supply curve = lower equilibrium price and smaller equilibrium quantity
• C) Leftward shift in supply + unchanged demand curve = higher equilibrium price and smaller equilibrium quantity
• D) Leftward shift in demand + unchanged supply curve = lower equilibrium price and smaller equilibrium quantity
• E) Rightward shift in supply + unchanged demand curve = lower equilibrium price and larger equilibrium quantity

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Definitions:

Significance Level

The probability of rejecting the null hypothesis when it is actually true, often denoted by alpha and used in statistical hypothesis testing.

Fisher's Exact

A test for determining statistical significance in contingency table analysis, specifically designed for small sample sizes.

Nonparametric Tests

Statistical tests that are not based on the assumption that the data follows a particular distribution, used especially for ordinal or nominal data.

Likelihood

Likelihood in statistical analysis is the probability that a particular set of observations would occur given a specific model.