Other Things Equal, Which of the Following Might Shift the Demand

question 129

Multiple Choice

Other things equal, which of the following might shift the demand curve for gasoline to the left?

• A) the discovery of vast new oil reserves in Montana
• B) the development of a low-cost electric automobile
• C) an increase in the price of train and air transportation
• D) a large decline in the price of automobiles

Differentiate between cooperative and noncooperative games.

Identify dominant strategies for players in a game.

Analyze strategic decision-making in auctions.

Understand the impact of negotiated prices on consumer and producer surplus.

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Definitions:

Conditioned Forgetting

A phenomenon where memory is lost or altered due to the introduction of specific conditions or stimuli, often involving the suppression of unwanted memories.

Suppression

The conscious effort to stop thinking about certain thoughts or feelings.

Inhibition

A psychological or physiological process that reduces or suppresses the response to stimuli.

Spontaneous Recovery

A conditioned response that had been extinguished reoccurs after there has been a time without exposure to the conditioned stimulus.