Figure 4-4 -Refer to the Figure 4-4. If the Price Is $25

question 98

Multiple Choice

Figure 4-4
-Refer to the Figure 4-4. If the price is $25, what would happen?

• A) There would be a surplus of 300 and the price would fall.
• B) There would be a surplus of 200 and the price would fall.
• C) There would be a shortage of 200 and the price would rise.
• D) There would be a shortage of 300 and the price would rise.

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Definitions:

Working Memory Capacity

The amount of information that can be held and manipulated in working memory at one time, which plays a critical role in comprehension, learning, and reasoning.

Sensory Memory

Sensory Memory is the shortest-term element of memory, acting as a buffer for stimuli received through the senses and lasting only a fraction of a second.

Iconic Memory

A type of visual sensory memory that holds a brief photographic record of the scene in front of an individual for a very short period of time.

Recall Cue

A stimulus or hint that facilitates the access or retrieval of information from memory.