One can Identify the differences between the rise in prices due to inflation and the rise in prices in microeconomic markets by?
- Observing the trends in prices.
- Observing Demand and supply curve.
<h3>Contrast the differences between the rise in prices due to inflation and the rise in prices in microeconomic markets.</h3>
The difference that exist between a rise in price due to the inflation and a rise in price due to microeconomic markets is based on the price changes that has occurred in terms of demand and supply model.
Note that this is said to be the price in a given market but the price rise as a result of to inflation tells that the price rise is one that reaches a lot of markets and not only just one market.
Hence, One can Identify the differences between the rise in prices due to inflation and the rise in prices in microeconomic markets by?
- Observing the trends in prices.
- Observing Demand and supply curve.
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Answer: 1.460
Step-by-step explanation:
Given : Researchers report that on average freshman who live on campus gain 15 pounds during their first year in college.
Let
represents the population mean .
Then, the set of hypothesis will be:-


We assume that this is normal distribution.
Sample size : n = 10, which is a small sample (n<30) ,s o we use t-test.
Sample mean : 
Standard deviation : 
The test statistic for population mean for small sample is given by :-


Hence , the value of test statistic = 1.460