An Increase in Demand with No Change in Supply Will

question 113

Multiple Choice

An increase in demand with no change in supply will lead to _____ in equilibrium quantity and _____ in equilibrium price.

• A)an increase; an increase
• B)an increase; a decrease
• C)a decrease; an increase
• D)a decrease; a decrease

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Definitions:

Freudian Theory

A psychological theory developed by Sigmund Freud that emphasizes the importance of unconscious processes and childhood experiences in shaping personality.

Id

In psychoanalytic theory, the part of the personality responsible for basic drives and impulses.

Ego

In psychology, represents the part of the human psyche that processes experiences and operates as a mediator between the conscious and unconscious minds.

Psychosexual Development

A Freudian theory that proposes individuals pass through a series of stages centered on erogenous zones during development, shaping personality.