It Is Certain That the Equilibrium Price Will Fall When

question 98

Multiple Choice

It is certain that the equilibrium price will fall when:

• A)the supply curve and the demand curve both shift to the right.
• B)the supply curve shifts to the right and the demand curve shifts to the left.
• C)supply and demand both increase.
• D)supply decreases and demand stays the same.

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Definitions:

Psychological Principles

Fundamental theories or beliefs that underlie the understanding of how the mind works and influences behavior.

Athletes

Individuals who compete in physical sports, either as amateurs or professionals.

Sports Psychologist

A professional who studies and applies psychological principles in order to enhance athletic performance, cope with pressure, and improve well-being.

Health Psychologists

Health psychologists specialize in studying how biological, psychological, and social factors affect health and illness, and they develop interventions to promote healthy behavior and improve health care systems.