If Demand and Supply Both Decrease

question 53

Multiple Choice

If demand and supply both decrease:

• A) both price and quantity will be less.
• B) both price and quantity will go up.
• C) price will fall but quantity will go up.
• D) quantity will go down but the effect on price is indeterminate.

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Definitions:

Freud's Theory

A theory proposed by Sigmund Freud that emphasizes the importance of unconscious processes in shaping behaviors, personality development, and psychopathologies.

Personality

A unique set of emotional, thought, and behavioral patterns that define an individual's personal style of interacting with the physical and social environment.

Most Basic Personality System

a conceptual term that could refer to the fundamental aspects or mechanisms underlying human personality.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, superego, and reality, playing a key role in decision making and sense of self.