If Demand for a Good Decreases and Supply Remains Constant

question 131

Multiple Choice

If demand for a good decreases and supply remains constant, equilibrium price:

• A)and quantity will both increase.
• B)will increase, and equilibrium quantity will decrease.
• C)will decrease, and equilibrium quantity will increase.
• D)and quantity will both decrease.

Understand the concept of cognitive dissonance and its effects on attitudes and behaviors.

Learn about the influence of direct and vicarious experiences on attitude formation and change.

Recognize the impact of group dynamics on individual performance and decision-making processes.

Understand the components and structure of attitudes.

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Definitions:

Ethnic Minority Groups

Groups that have distinct cultural, religious, or linguistic characteristics which differ from the majority population.

Adolescents

Young people in the transitional stage from childhood to adulthood, typically ranging in age from around 13 to 19 years.

Sex Organs

Anatomical structures that are involved in the reproductive process, including organs such as ovaries and testes in females and males, respectively.

Sexual Orientation

An enduring pattern of romantic or sexual attraction to persons of the opposite sex, the same sex, or both sexes, and/or genders not traditionally associated with binary concepts of sex.