Which of the Following Would Not Result from a Price

question 100

Multiple Choice

Which of the following would not result from a price ceiling (set below the equilibrium price) ?

• A) a shortage
• B) fewer exchanges
• C) an increase in supply
• D) nonprice rationing devices

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Definitions:

Wilcoxon Signed Rank

A non-parametric statistical test used to compare two related samples, matched samples, or repeated measurements on a single sample to assess whether their population mean ranks differ.

Matched-Pairs Sampling

A sampling technique where each member of one sample is paired with a member of another sample based on certain characteristics.

Wilcoxon Signed Rank

A non-parametric statistical test used to compare two paired samples, assessing whether their population mean ranks differ.

Paired Two-sample T-test

A statistical test used to compare two population means where you have two samples in which observations in one sample can be paired with observations in the other sample.