Which of the Following Will NOT Affect the Position of the Market

question 408

Multiple Choice

Which of the following will NOT affect the position of the market supply curve for a good?

• A) The government grants a subsidy to the producers for each unit of a good that they produce.
• B) The price of the good increases.
• C) The number of sellers in the market increases.
• D) There is an increase in the prices of the inputs used in production.

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Definitions:

Contingency Table

A data table that displays the frequency distribution of variables to analyze the relationship between categorical variables.

Test Statistic

A value calculated from sample data used to make a decision about a hypothesis in statistical testing.

Null Hypothesis

In statistical hypothesis testing, the hypothesis that there is no effect or no difference, and it serves as the default assumption to test against.

Critical Value

A point on the test distribution that is compared to the test statistic to decide whether to reject the null hypothesis.