Suppose It Is Observed in a Market That Price Has

question 152

Multiple Choice

Suppose it is observed in a market that price has fallen but more product is being produced and sold. This could be caused by a(n)

• A)decrease in supply and demand.
• B)decrease in demand.
• C)decrease in supply.
• D)increase in supply.
• E)increase in demand.

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Definitions:

Behavior

Everything we do that can be directly observed.

Social Facilitation Effect

The tendency for people to perform differently when in the presence of others, usually better on well-practiced tasks and worse on new tasks.

Genetic Predisposition

The inherent susceptibility to certain conditions or characteristics based on one's genetic makeup.

Arouses Us

Incites feelings, often of interest or excitement, in a group or individual.