When People Cannot Buy as Many Units of a Good

question 170

Multiple Choice

When people cannot buy as many units of a good that they demand at the current price, there is a

• A) price floor.
• B) lack of technological progress.
• C) monopoly profit for suppliers.
• D) shortage.

---

Definitions:

Middle Adulthood

A stage of human development that typically covers the period from around age 40 to 65, focusing on personal and professional growth, stability, and facing the reality of aging.

Concrete Operational Stage

A stage in Piaget's theory of cognitive development (ages 7-12) where children gain the ability to think logically about concrete events.

Conservation

The understanding that certain properties of objects or substances do not change when their external appearance is altered, a concept children grasp in the concrete operational stage according to Piaget’s theory of cognitive development.

Gender-Appropriate Behavior

Actions or responses that society deems suitable for a person based on their gender.