-Refer to the Diagram Above

question 47

Multiple Choice

-Refer to the diagram above.If the price in this market is initially $3.00 and the most dissatisfied supplier sells a unit of the good for $5.50 to the most eager buyer,by how much is the buyer better off?

• A) $1.50.
• B) $2.50.
• C) $4.00.
• D) $5.50.
• E) $7.00.

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Definitions:

Behaviorists

Psychologists who focus on observable behaviors and their relationship with the environment, excluding internal states.

Unconscious Mind

A part of the mind that operates beyond conscious awareness, influencing thoughts, feelings, and actions without our direct knowledge.

Childhood Experiences

Events or interactions that occur during the early years of life, significantly impacting an individual's development and personality.

Psychoanalytic Psychology

A branch of psychology that explores the role of unconscious motives and conflicts in determining human behavior, originated by Sigmund Freud.