The Market Clearing Price of Computer Modems Has Just Decreased

question 280

Multiple Choice

The market clearing price of computer modems has just decreased. Which of the following could have caused this change?

• A) a decrease in supply at the same time that demand increases
• B) an increase in supply at the same time that demand decreases
• C) a decrease in supply with demand unchanged
• D) an increase in demand with supply unchanged

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Definitions:

Working Memory

A cognitive system responsible for temporarily holding information available for processing and its use in various cognitive tasks.

Advances

Developments or progressions in a particular area, often leading to improvements or new insights.

Peer Influence

The effect that the social group an individual chooses or finds themselves in has on their behavior, attitudes, or values.

Future Orientation

The cognitive and emotional inclination to think about, plan, and prioritize the future over immediate needs or desires.