Which of the following is the best example of a hypothesis?
a. When the price of bananas decreased last year, the sales of bananas rose significantly.
b. If the price of bananas decreases, the sales of bananas will increase.
c. If the price of bananas increases, no one can predict how banana sales will change.
d. When the price of bananas increased, the supply of bananas also increased.
b. If the price of bananas decreases, the sales of bananas will increase.
You might also like to view...
When government intervenes in the production process because external benefits exist, it typically attempts
A. to shift the market's demand curve to the left. B. to impose a tax on each unit produced. C. to shift the market's supply curve to the left. D. to shift the market's demand curve to the right.
When long-run average costs increase as a result of industry growth, there are
A. external diseconomies. B. internal diseconomies. C. internal economies. D. external economies.
Which product is most likely to be most price elastic?
A. Clothing B. Automobiles C. Gasoline D. Milk
A decrease in demand for a product will cause the price of the product to fall and supply of the product to decrease.
Answer the following statement true (T) or false (F)