Which of the Following Will Result in an Increased Price

question 217

Multiple Choice

Which of the following will result in an increased price of milk?

• A) A shift to the right of the supply curve for milk.
• B) A shift to the right of the demand curve for milk.
• C) An increase in the number of milk suppliers.
• D) A decrease in the number of milk buyers.

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Definitions:

Priming

A mental phenomenon in which experiencing one stimulus affects the reaction to another stimulus that follows, all happening without deliberate direction or awareness.

Nerve Cells

Basic building blocks of the nervous system, responsible for sending and receiving signals throughout the body.

Subliminally Presented Stimuli

Stimuli presented below the threshold of conscious perception, designed to influence behavior or thought without awareness.

Absolute Thresholds

The minimum level of stimulus intensity needed for a stimulus to be perceived.