If the Quantity of Textbooks Supplied Is 10,000 Per Year

question 447

Multiple Choice

If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year, there is a ____________in the market and the price will _________.

• A) surplus; fall
• B) shortage; rise
• C) shortage; fall
• D) surplus; rise

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Definitions:

Disinhibition

The reduction or removal of inhibition, resulting in an increase in previously suppressed behaviors or actions.

Sensitization

An increased response to a stimulus following repeated exposure, usually associated with adverse or noxious stimuli.

Habituation

A learning process where an organism reduces its responsiveness to a non-threatening stimulus over time through repeated encounters.

Stimuli

External or internal events that elicit a response from an organism.