An Increase in Demand Occurs When

question 40

Multiple Choice

An increase in demand occurs when

• A)quantity demanded is greater than quantity supplied.
• B)quantity supplied is greater that quantity demanded.
• C)the demand curve shifts upward and to the right.
• D)there is a leftward shift in the demand curve.

---

Definitions:

Null Hypothesis

The presumption of no association or effect between variables until evidence suggests otherwise.

Dependent-Samples T Test

A statistical test applied to compare the means of two related groups of samples, typically used when the samples are paired or matched in some way.

Capital Intensity Ratio

A measure of how much capital is used in production, often expressed as the ratio of total assets to sales revenue.

Full Capacity

The maximum level of production or output that a facility can achieve under normal operating conditions.