What Events Most Likely Explain the Following Wall Street Journal

question 20

Multiple Choice

What events most likely explain the following Wall Street Journal headline, "Cities Couldn't Give Away Their Trash; Now They Get Top Dollar"?

• A) Quantity supplied initially exceeded quantity demanded, but a subsequent increase in the demand for trash not only eliminated the surplus, but led to a rise in the price of trash.
• B) Supply initially exceeded demand, but a subsequent increase in the quantity of trash demanded not only eliminated the surplus, but led to a rise in the price of trash.
• C) Quantity supplied initially exceeded quantity demanded, but a subsequent increase in the supply of trash not only eliminated the surplus, but led to a rise in the price of trash.
• D) Supply initially exceeded demand, but a subsequent increase in the quantity of trash supplied not only eliminated the surplus, but led to a rise in the price of trash.

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Definitions:

Psychoanalytic Theory

A framework for understanding human behavior that focuses on the role of unconscious motives and conflicts, as proposed by Sigmund Freud.

Structuralism

A method of interpretation and analysis of aspects of human cognition, behavior, culture, and experience which focuses on relationships of contrast between elements in a conceptual system.

Behaviorism

A theory of learning which states all behaviors are acquired through conditioning processes influenced by the environment.

Gestalt Psychology

A psychological approach that emphasizes the whole of anything is greater than its parts and studies how people interpret and organize information.