If the Number of Available Tradable Emissions Permits Is Decreased,the

question 81

Multiple Choice

If the number of available tradable emissions permits is decreased,the equilibrium price of the permits _____ and the equilibrium quantity of emissions _____.

• A)decreases;decreases
• B)increases;increases
• C)increases;decreases
• D)decreases;increases

---

Definitions:

Null Hypothesis

A statement used in hypothesis testing that assumes there is no significant difference or effect and that any observation is due to chance.

Alternative Hypothesis

A theory that proposes there is a statistically significant relationship between two variables, contrasting the null hypothesis.

Criterion Statistic

A statistical value used as a benchmark to evaluate the performance or significance of a test result, often guiding decision-making in hypothesis testing.

Null Hypothesis

A statement used in statistics that there is no significant effect or difference for a specific population parameter being tested.