You Are Asked to Determine, Other Things Equal, the Effects

question 38

Multiple Choice

You are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product Xupon (1) the demand (D) for, or supply (S) of, X, (2) the equilibrium price (P) of X and (3) the equilibrium quantity (Q) of X.Refer to the above.If X is an inferior good, a decrease in income will:

• A)decrease D, decrease P, and decrease Q.
• B)decrease D, decrease P, and increase Q.
• C)increase S, decrease P, and increase Q.
• D)increase D, increase P, and increase Q.

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Definitions:

Treatment

The act of providing medical care or therapy to address or heal a disease, disorder, or injury.

Stimulus

A scenario or event that triggers a response in an organism.

Conditioned Stimulus

An initially neutral signal that, upon being paired with an unconditioned stimulus, triggers a learned response.

Classical-Conditioning Principles

Fundamental concepts of classical conditioning, such as stimulus generalization, extinction, and spontaneous recovery, that describe how conditioned responses are acquired, maintained, and eliminated.