In the Market for Personal Computers and in the Stock

question 70

Multiple Choice

In the market for personal computers and in the stock market:

• A) supply and demand shifts change prices and quantities.
• B) persistent shortages and surpluses rarely exist.
• C) in response to shifts in demand and supply, equilibrium is restored quickly.
• D) all of the above are true.

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Definitions:

William James

A pioneering American psychologist and philosopher, recognized for his contributions to pragmatism and the philosophy of religion, as well as for being a founder of functional psychology.

Human Response

encompasses the various reactions and adaptations individuals or groups exhibit in response to environmental, social, psychological, or physical stimuli.

Death

The cessation of all biological functions that sustain a living organism, marking the end of life.

Cults and Sects

Religious or philosophical groups often characterized by nontraditional beliefs, practices, and high levels of commitment among members.