If Price Is Below Equilibrium in a Market, Then Quantity

question 22

True/False

If price is below equilibrium in a market, then quantity supplied will be less than quantity demanded.

---

Definitions:

John Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the importance of observable behavior over internal mental states.

Free Will

The ability to choose one's actions free from certain constraints, implying a sense of autonomy and responsibility for those decisions.

B. F. Skinner

A renowned American psychologist best known for his work in behaviorism and the development of the theory of operant conditioning.

Behavioural Perspective

An approach in psychology focusing on observable behaviors and the ways in which they're learned through interactions with the environment.