Table 4-8 -Refer to Table 4-8. Suppose Firm X and Firm Y

question 149

Multiple Choice

Table 4-8
-Refer to Table 4-8. Suppose Firm X and Firm Y are the only two sellers in the market. If the market price decreases from $12 to $9, quantity supplied will

• A)decrease by 6 units.
• B)decrease by 12 units.
• C)increase by 6 units.
• D)increase by 12 units.

---

Definitions:

Adapt

The process of adjusting or changing to become suitable for a new environment or conditions.

Intense Stimuli

External or internal factors that have a strong impact on the sensory or psychological experience of an individual, often leading to a significant reaction or response.

Signal Detection

A theory and method for quantifying the ability to discern between information-bearing patterns and random patterns that distract from the information.

Naysayers

Individuals who are often negative or skeptical about ideas and refuse to believe that something might be successful or positive.