During the Last Decade, the Price of a Computer Fell

question 321

Multiple Choice

During the last decade, the price of a computer fell every year and the quantity sold increased every year. This experience suggests that the

• A) supply curve shifted rightward.
• B) "law of demand" was definitely contradicted.
• C) "law of supply" was definitely contradicted.
• D) demand curve shifted rightward.

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Definitions:

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating from cultural norms.

Erikson's First Stage

Erikson's first stage is known as Trust vs. Mistrust, focused on infants' needs to develop trust when provided with reliable care and affection from caregivers.

Trust Versus Mistrust

The first stage in Erik Erikson's theory of psychosocial development, where infants learn to trust their caregivers for basic needs or develop mistrust due to neglect.

Industry

Refers to the collective manufacturing or technically productive enterprises in a particular field, often characterized by a common focus.