Which of the Following Would Cause an Unambiguous Decrease in the Equilibrium

question 1

Multiple Choice

Which of the following would cause an unambiguous decrease in the equilibrium quantity in a market?

• A)A rightward shift in supply and a rightward shift in demand.
• B)A rightward shift in supply and a leftward shift in demand.
• C)A leftward shift in supply and a rightward shift in demand.
• D)A leftward shift in supply and a leftward shift in demand.

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Definitions:

Cognitive Responses

The mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Behavioral Responses

Behavioral responses are the actions or reactions of an individual in response to external or internal stimuli.

Affective Responses

Emotional reactions or feelings that are elicited by stimuli, events, or interactions, influencing behavior and decision-making.

Creativity

Creativity involves the ability to generate new ideas, solutions, or approaches, often leading to innovative outcomes.