If a Market Begins in Equilibrium and Then the Demand

question 9

Multiple Choice

If a market begins in equilibrium and then the demand curve shifts leftward, a

• A) shortage is created, which is eliminated by a rise in price.
• B) surplus is created, which is eliminated by the supply curve shifting leftward.
• C) surplus is created, which is eliminated by a rise in price.
• D) shortage is created, which is eliminated by a fall in price.
• E) surplus is created, which is eliminated by a fall in price.

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Definitions:

Projective Tests

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Internal struggles in the mind that originate from past experiences and are beyond the individual's conscious awareness, often highlighted in psychoanalytic theory.

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A set of interview questions and observations designed to reveal the degree and nature of a client’s psychological functioning.