Those Things Held Unchanged When an Equilibrium Price Is Established

question 93

Multiple Choice

Those things held unchanged when an equilibrium price is established:

• A)are called demand shifters if a change in one (or more)of them would change demand.
• B)include only supply shifters.
• C)seldom change, and therefore prices and quantity in most markets are remarkably stable.
• D)never change, by definition.

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Definitions:

Clinical Observation

The practice of assessing and monitoring patients in a healthcare setting, utilizing direct observation to inform diagnosis or treatment plans.

Direct Observation

A research method where phenomena are studied in their natural setting without manipulation.

Evolutionary Psychology

An approach in psychology that examines cognitive traits and behavior through the lens of evolutionary biology, proposing that many aspects of human psychology are the result of adaptive evolution.

Cognitive Psychology

A branch of psychology that explores internal mental processes such as problem solving, memory, learning, and language.