Reference: Ref 4-8 (Figure: Demand, Supply Shifts) in the Figure

question 61

Multiple Choice

Reference: Ref 4-8 (Figure: Demand, Supply Shifts) In the figure, the initial demand curve is D1 and the initial supply curve is S1. Resource prices in this market increase; at the same time, the consumer population declines as migration causes an outflow of population to other regions. What happens to the supply curve and/or demand curve?

• A) S1 shifts to S2 but then shifts back to S1. D1 remains at D1.
• B) S1 shifts to S3 and D1 shifts to D2.
• C) S1 shifts to S2 and D1 shifts to D3.
• D) S1 shifts to S2 and D1 shifts to D2.

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Definitions:

Head Injury

Physical trauma to the head, which can lead to various symptoms and conditions, from minor concussions to severe brain damage.

Source-Monitoring Error

A type of memory error where an individual misattributes the origin of a memory, confusing the source from which information was acquired.

Retrograde Amnesia

A loss of memory access to events that occurred, or information that was learned, before an injury or the onset of a disease.

Pseudoforgetting

The phenomenon where information is thought to be forgotten but actually was never learned effectively in the first place.