Which of the Following Is True About How the "Invisible

question 54

Multiple Choice

Which of the following is true about how the "invisible hand" influences economic activity through prices when a product has lower demand than supply?​

• A)​The price must decrease,causing more buyers to buy and less sellers to sell.
• B)​The price must decrease,causing more buyers to buy and more sellers to sell.
• C)​The price must increase,causing less buyers to buy and more sellers to sell.
• D)​The price must increase,causing less buyers to buy and less sellers to sell.

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Definitions:

Unrealistic Optimism

The belief that positive outcomes are more likely than negative ones, often underestimating potential risks.

Norepinephrine

A neurotransmitter and hormone involved in the body's response to stress, increasing heart rate and blood pressure, among other functions.

External Attributions

The process of attributing the cause of behavior to situational or external factors rather than to internal characteristics.

Self-Blaming Attributions

The tendency to attribute personal failures or negative events to one's own deficiencies or actions.