Choose the Letter of the Diagram in Figure 3

question 20

Multiple Choice

Choose the letter of the diagram in Figure 3.1 that best describes the type of shift that would occur in each situation for the market listed on the left, ceteris paribus. Figure 3.1 Shifts of Supply and Demand
Candy bars: People become more health-conscious and prefer power bars instead of candy bars.

• A)A.
• B)B.
• C)C.
• D)D.

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Definitions:

Foster

To encourage the development or growth of ideas, feelings, or abilities.

Binet

Binet, Alfred (1857-1911), was a French psychologist who, together with Theodore Simon, developed the first practical IQ test, the Binet-Simon scale.

Intelligence Test

A standard assessment tool designed to measure cognitive abilities, such as reasoning, problem-solving, and understanding complex ideas.

Reasoning

The process of figuring out the implications of particular beliefs.