If Supply Falls in a Perfectly Competitive Market,we Can Expect

question 36

Multiple Choice

If supply falls in a perfectly competitive market,we can expect all of the following EXCEPT

• A)price to rise.
• B)the equilibrium quantity bought and sold to fall.
• C)quantity demanded to fall.
• D)demand to fall.

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Definitions:

Reticular Formation

A complex network of nerve pathways within the brainstem, involved in controlling alertness and consciousness.

Brainstem

A region at the base of the brain that controls vital functions like breathing, heart rate, and blood pressure.

Amygdala

Two lima-bean–sized neural clusters in the limbic system; linked to emotion.

Reward Centers

Areas in the brain, particularly within the limbic system, that are responsible for the sensation of pleasure in response to certain stimuli, playing a crucial role in motivation and reward-based learning.