Suppose a Market Has an Excess Demand and Price Starts

question 111

Multiple Choice

Suppose a market has an excess demand and price starts to rise. What will the rise in price cause?

• A) A fall in both quantity supplied and quantity demanded
• B) A rise in both quantity supplied and quantity demanded
• C) A rise in quantity supplied and a fall in quantity demanded
• D) A fall in quantity supplied and a rise in quantity demanded

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Definitions:

Social Behaviors

Actions that are conducted in response to the presence or behavior of others, guided by social norms, culture, or individual motivations.

Psychodynamic Theorists

Scholars or clinicians who follow a psychological perspective emphasizing unconscious processes and childhood experiences in shaping behavior and personality.

Avoidant Personality Disorder

A mental health condition characterized by a long-standing pattern of extreme shyness, feelings of inadequacy, and sensitivity to rejection.

Shame

A painful feeling of humiliation or distress caused by the consciousness of wrong or foolish behavior.