The Following Figures Show the Demand (D) and Supply (S)

question 17

Multiple Choice

The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6

-When the rate of interest rises, the resulting change in the demand for capital is shown graphically by:

• A)a movement down along the demand curve.
• B)a rightward shift of the demand curve.
• C)a leftward shift of the demand curve.
• D)a movement up along the demand curve.
• E)an outward rotation of the demand curve.

---

Definitions:

Kruskal-Wallis Test

A nonparametric statistical test that assesses whether there are significant differences between two or more groups of an independent variable on a continuous or ordinal dependent variable.

Null Hypothesis

A default position that there is no difference or effect, used in statistics as a starting point for testing.

Distribution

Describes the way values of a variable or set of variables are spread or dispersed across possible values or ranges.

H Statistic

A test statistic used in non-parametric tests that compares the ranks of observations across multiple groups to assess the equality of their distributions.