If We Observe a Fall in the Equilibrium Price of Good

question 163

Multiple Choice

If we observe a fall in the equilibrium price of good A,we know that the demand for A has

• A)increased or the supply of A has decreased or both.
• B)increased or the supply of A has increased or both.
• C)decreased or the supply of A has increased or both.
• D)decreased or the supply of A has decreased or both.
• E)not changed.

---

Definitions:

Lost At The Mall

A technique used in psychological experiments to implant false memories by suggesting to participants they got lost in a mall as a child.

Sketchy Memories

Memories that are vague, incomplete, or imprecise, often causing uncertainty or suspicion.

Korsakoff's Syndrome

A chronic memory disorder caused by severe deficiency of thiamine, most commonly caused by alcohol misuse.

Global Retrograde Amnesia

A rare condition where an individual cannot recall memories from anywhere in their past.