The price of fresh fish rose and the quantity sold fell. other things remaining the same, which of the following is consistent with this observation?
a) the number of consumers that have a preference for fish increased.
b) the price of meat, which is a substitute for fish, rose.
c) the fishermen learned to fish more efficiently.
d)the cost of fishing increased.
e) the supply of fresh fish increased.
Answers: 3
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At cooly cola, we are testing the appeal of our new diet one cola. in a taste test of 250 randomly chosen cola drinkers, 200 consumers preferred diet one cola to the leading brand. assuming that the sample were large enough, the large-sample 95% confidence interval for the population proportion of cola drinkers that prefer diet one cola would be:
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The price of fresh fish rose and the quantity sold fell. other things remaining the same, which of t...
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