In Economics,the Price Rises When Demand Exceeds Supply

question 25

True/False

In economics,the price rises when demand exceeds supply.

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses through gradual exposure to the feared object or situation combined with relaxation exercises.

Anxiety Hierarchy

A ranked list of fears, organized from least to most anxiety-provoking, used in therapeutic settings to address specific anxieties.

Major Depression

A mental disorder characterized by a pervasive and persistent low mood accompanied by low self-esteem and a loss of interest or pleasure in normally enjoyable activities.

Cognitive Behavioural Therapy

A type of psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors, focusing on changing negative thought patterns.