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A______________is an Unsubstantiated Belief or Prediction Resulting in Behavior That

question 67

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A______________is an unsubstantiated belief or prediction resulting in behavior that makes the originally false belief come true.


Definitions:

Decrease

A reduction in quantity, size, intensity, or the number of something.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded, leading to market balance.

Perfectly Elastic

A situation where a small price change results in an infinite change in the quantity demanded or supplied.

Supply

The total amount of a good or service available for purchase at any given price level in a market.

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