Which of the Following Is True for a Market That

question 133

Multiple Choice

Which of the following is true for a market that clears?

• A) An excess supply of anything traded will lead to a fall in its price.
• B) An excess demand of anything traded will lead to a fall in its price.
• C) An excess supply of anything traded will lead to a rise in its price.
• D) An excess demand of anything traded will not lead to a price change.
• E) A high price will lead to a high demand.

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Definitions:

Learned Helplessness

A condition resulting from the belief that one has no control over their environment, often leading to decreased motivation and depression.

Unsolvable Problems

Issues or challenges that cannot be resolved or fixed, often due to their inherent complexity or constraints.

Biological Constraints

Limitations on learning that result from biological factors rather than from experience or environment.

Instinctual Behavior

Behaviors that are innate and driven by genetic coding, often performed in response to certain stimuli without prior learning.