A Decrease in Both Demand and Supply Will Cause A(n)

question 99

Multiple Choice

A decrease in both demand and supply will cause a(n) _____ equilibrium price and a(n) _____ equilibrium quantity.

• A) uncertain effect on; decrease in
• B) increase in; decrease in
• C) increase in; uncertain effect on
• D) decrease in; uncertain effect on

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Definitions:

Mass Media Coverage

The dissemination of news and information on a large scale to a wide audience via channels such as television, radio, newspapers, and the Internet.

Vicarious Reinforcement

A psychological concept where individuals learn and modify behaviors by observing the consequences of others' actions without directly experiencing them.

Constant Encouragement

Ongoing support and motivation aimed at inspiring individuals or groups to continue a course of action or to achieve goals.

Being Rewarded

The act of receiving something, often of value, in recognition or exchange for one's effort or achievement.