Other Things Equal, the Supply of Index Cards Is Likely

question 82

Multiple Choice

Other things equal, the supply of index cards is likely to be affected by all of the following except one.Which is the exception?

• A)the price of wood pulp used in the production of index cards
• B)the technology in the index card production process
• C)the price of index cards
• D)the price of packaging material (a substitute in production)
• E)the future price of index cards expected by producers

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Definitions:

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention.

Respondent

A person who answers or responds to something, such as a questionnaire or survey.

Formal Operational

The stage of cognitive development, described by Piaget, occurring from around age 12 and beyond, characterized by the ability to think abstractly, logically, and systematically.

Cognitive Development

The construction of thought processes, including remembering, problem-solving, and decision-making, from childhood through adolescence to adulthood.