An Increase in the Number of Consumers

question 374

Multiple Choice

An increase in the number of consumers

• A) shifts the demand curve rightward.
• B) shifts the supply curve leftward
• C) results only in a movement along the demand curve.
• D) Both answers B and C are correct.

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Definitions:

Causal Identity Theory

A concept in social psychology that examines how individuals' identities are formed by the causal roles they perceive themselves occupying within the social world.

Cognition Theory

Cognition theory encompasses the psychological, neurological, and cognitive science theories that explain how the mind processes information, including perception, memory, thought, and problem-solving.

Categorisation Theory

A psychological theory that describes how individuals group objects, people, or events into categories based on common attributes or meanings.

Causal Language

Refers to the use of linguistic expressions that denote cause-and-effect relationships.