An Increase in Equilibrium Price and a Decrease in Equilibrium

question 52

Multiple Choice

An increase in equilibrium price and a decrease in equilibrium quantity is most likely the result of:

• A) an increase in demand.
• B) a decrease in demand.
• C) an increase in supply.
• D) a decrease in supply.

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Definitions:

Maladaptive Beliefs

Negative thought patterns that are counterproductive or harmful to one’s psychological well-being and functioning.

Major Depression

A psychiatric condition expressed by continuing depression or a loss of interest in leisure activities, significantly detracting from daily life quality.

Eclectic

Combining ideas, styles, or techniques from a diverse range of sources.

Electroconvulsive Shock Therapy (ECT)

A medical treatment most commonly used for severe depression, involving the induction of a controlled seizure in the patient through electrical currents transmitted to the brain.