If a Press Release Reports That the Future Price of New

question 175

Multiple Choice

If a press release reports that the future price of new homes is expected to decrease and demanders and suppliers respond equally to the change in the expected future price, which of the following is true?

• A)Both the equilibrium quantity and price will decrease.
• B)Both the equilibrium quantity and price will increase.
• C)The equilibrium price will decrease and the equilibrium quantity will remain the same.
• D)The equilibrium price will increase and the equilibrium quantity will decrease.

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Definitions:

Behavioural Approach

A psychological perspective focusing on observable behaviors, emphasizing the role of learning and environment in shaping behavior.

Strengths

The qualities or attributes that are considered to be positive and beneficial, contributing to effectiveness and success.

Weaknesses

Characteristics or areas that lack strength or ability, often leading to vulnerability or ineffective performance.

Humanistic Theorists

Psychologists who emphasize an individual's inherent drive towards self-actualization and creativity.