Using the Supply-Demand Graph, What Happens as the Price of Goods

question 12

Multiple Choice

Using the supply-demand graph, what happens as the price of goods or services increases?

• A) The quantity of the goods or services decreases
• B) The quantity of the goods or services increases
• C) Demand increases and supply falls
• D) Demand falls and supply increases
• E) Market equilibrium is finally reached and the demand increases

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Definitions:

Behaviourism

A psychological approach focusing on observable behaviors and the ways in which they are learned or conditioned, excluding the analysis of emotions or thoughts.

Psychological Research

The systematic investigation of psychological issues and phenomena through controlled experimentation, observation, and analysis.

Structuralism

An early school of psychology that sought to understand the structure of the mind by analyzing the components of conscious experience.

Humanism

A philosophical and ethical stance that emphasizes the value and agency of human beings, individually and collectively, often highlighting the importance of human dignity and potential.