(Advanced Analysis) the Demand for Commodity X Is Represented by the Equation

question 151

Multiple Choice

(Advanced analysis) The demand for commodity X is represented by the equation P = 100 - 2Q and supply by the equation P = 10 + 4Q. If demand changes from P = 100 - 2Q to P = 130 - Q, the new equilibrium quantity is

• A) 15.
• B) 20.
• C) 24.
• D) 32.

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Definitions:

Cognitive Processes

Mental actions or operations that include thinking, reasoning, problem-solving, decision-making, and memory.

Associative Learning

A learning process where a relationship is formed between two stimuli or between a stimulus and a behavior.

Negative Reinforcement

A method in behavioral psychology that increases the likelihood of a behavior by removing an unpleasant stimulus when the behavior occurs.

Discrimination

Biased or unfair behavior towards various groups of individuals, particularly based on their racial background, age, or gender.