Equilibrium and Disequilibrium

question 26

Multiple Choice

Equilibrium and disequilibrium

• A) are real world states.
• B) are mental constructs used by economists.
• C) foreshadow what is about to happen in a market.
• D) a and b
• E) a,b and c

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Definitions:

Research Hypothesis

A statement made by a researcher predicting a relationship between two variables in a study.

Differences

A term referring to the distinctions or disparities between two or more entities or values.

One-tailed Test

A statistical test that determines the direction of a relationship or difference, testing for either a positive or negative effect only.

Directional Research Hypothesis

A hypothesis that specifies the direction of the expected difference or relationship between the variables being studied.