As a Result of Importing a Good,domestic Consumers ________ the Quantity

question 126

Multiple Choice

As a result of importing a good,domestic consumers ________ the quantity consumed and the price of the good ________.

• A) increase; rises
• B) increase; falls
• C) decrease; rises
• D) decrease; falls
• E) increase; does not change

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Definitions:

Degrees of Freedom

A concept in statistics that represents the number of independent values or quantities which can be assigned to a statistical distribution.

Categories

Distinct groups or classes into which data or items can be classified.

Chi-square Test

A statistical test used to determine if there is a significant difference between the expected frequencies and the observed frequencies in one or more categories.

Distribution

Refers to the way in which something is shared out or spread across a range, often used in reference to statistical data.