FIGURE 3-6 -Refer to Figure 3-6. If the Initial Demand and Supply

question 161

Multiple Choice

FIGURE 3-6
-Refer to Figure 3-6. If the initial demand and supply curves are D1 and S1, and demand shifts to D2, then

• A) a permanent shortage of X will result.
• B) a surplus of Q1Q3 will occur.
• C) a shortage will occur at any price above P3.
• D) if price remained at P2, a shortage of Q1Q3 would exist.
• E) all of the above

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Definitions:

Dopamine

A neurotransmitter involved in many functions, including mood regulation, reward, and motor control.

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A group of severe mental disorders characterized by disordered thoughts, perceptions, emotions, movements, and behavior.

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The study of the causes or origins of diseases or conditions, aiming to understand why a disease develops.

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A personality disorder characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and control, at the expense of flexibility, openness, and efficiency.