-If Demand for a Good Is Represented by Curve D

question 115

Multiple Choice

-If demand for a good is represented by curve D in Figure 5-10,then an increase in supply of the good will cause

• A)the equilibrium quantity to rise,but seller's total revenue to fall
• B)the equilibrium quantity to fall,but seller's total revenue to rise
• C)both the equilibrium quantity and seller's total revenue to fall
• D)the equilibrium quantity to rise,but seller's total revenue will not change
• E)both the equilibrium quantity and seller's total revenue to rise

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Definitions:

Cognitive Processes

Mental activities involved in acquiring, processing, and storing knowledge, such as perception, memory, problem-solving, and decision-making.

Content Theories

Theories that explain the specific factors motivating individuals at work, focusing on the content of what motivates individuals.

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Clayton Alderfer

An American psychologist known for developing the ERG theory, which categorizes human needs into existence, relatedness, and growth categories.