Gabriel Has Become So Fearful of Going Outside of His

question 21

Multiple Choice

Gabriel has become so fearful of going outside of his home alone, and of being in open spaces such as parking lots, that he has difficulty holding a job. This is best described as ____. ​

• A)a phobia
• B)agoraphobia
• C)a panic attack
• D)claustrophobia

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied and the quantity demanded at which their price is stable, and there is no tendency for it to change unless external factors intervene.

Allocative Efficiency

A state of resource allocation where resources are distributed in accordance with consumer preferences, maximizing overall utility.

Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.