A Shortage Causes the

question 408

Multiple Choice

A shortage causes the

• A) price to fall.
• B) price to rise.
• C) supply curve to shift rightward.
• D) demand curve to shift leftward.

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Definitions:

Situational Attribution

The process of ascribing behavior to external factors, circumstances, or the environment.

Just World Hypothesis

The Just World Hypothesis is the belief that the world is a fair place and that people get what they deserve.

Conformity

The process of adjusting one's behavior or thinking to match those of other people or a group standard.

Compliance

The act of conforming to a request or demand from others, often used in a psychological context to describe when a person changes their behavior in response to an explicit or implicit request.