If a Shift in the Demand Curve That Raises the Price

question 446

Multiple Choice

If a shift in the demand curve that raises the price of oranges from $7 to $9 a bushel increases the quantity of oranges supplied from 4,000 bushels to 6,000 bushels, the

• A) supply of oranges is elastic.
• B) supply of oranges is inelastic.
• C) demand for oranges is elastic.
• D) demand for oranges is inelastic.

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Definitions:

MMPI

Stands for Minnesota Multiphasic Personality Inventory, a standardized psychometric test used for psychiatric diagnosis and personality assessment.

Stanford-Binet

An intelligence test that measures five factors of cognitive ability: Fluid Reasoning, Knowledge, Quantitative Reasoning, Visual-Spatial Processing, and Working Memory.

WAIS

The Wechsler Adult Intelligence Scale, a widely used test designed to measure a person's intellectual ability.

WISC

The Wechsler Intelligence Scale for Children, a psychological test that measures a child's intellectual and cognitive ability.