When Economists Say the Quantity Supplied of a Product Has

question 173

Multiple Choice

When economists say the quantity supplied of a product has decreased, they mean the

• A) supply curve has shifted to the left.
• B) supply curve has shifted to the right.
• C) price of the product has risen, and consequently, suppliers are producing more of it.
• D) price of the product has fallen, and consequently, suppliers are producing less of it.

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Definitions:

Continuum

A continuous sequence, range, or whole extent of items, elements, values, or conditions, where no part is fundamentally different from adjacent parts, although the extremes are quite distinct.

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Counterconditioning

A behavioral therapy technique where a negative or unwanted response to a stimulus is replaced with a positive one.

Adaptive Disclosure Treatment

A therapeutic approach designed for combat veterans that focuses on openly discussing combat experiences and moral injuries.