Excess Quantity Demanded for a Good Creates Pressure to Push

question 245

True/False

Excess quantity demanded for a good creates pressure to push the price of that good down toward the equilibrium price. ​

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Definitions:

Negative Reinforcement

A concept in behavioral psychology where the removal of an unpleasant stimulus strengthens a behavior or increases the likelihood of it recurring.

Negative Self-talk

A form of internal dialogue focused on criticizing or undervaluing oneself that can impact one's emotional state and self-esteem.

Practice

The act of repeatedly performing or exercising an activity or skill so as to acquire or maintain proficiency in it.

Positive Reinforcement

The process of encouraging or establishing a pattern of behavior by offering reward when that behavior is exhibited.