Which of the Following Quantities Would Increase in Response to a Decrease

question 87

Multiple Choice

Which of the following quantities would increase in response to a decrease in the price of ironing boards?

• A)the quantity of irons demanded at each possible price of irons
• B)the equilibrium quantity of irons
• C)the equilibrium price of irons
• D)All of the above are correct.

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Definitions:

Classically Conditioned

A training technique where two stimuli are continually linked together; a reaction initially caused by the second stimulus is ultimately triggered by the first stimulus by itself.

Emotional Reactions

Immediate responses to stimuli or events, varying in intensity, that involve psychological and physiological changes and influencing behavior.

Conscious Recollection

The intentional and aware memory retrieval of specific experiences or information from one's past.

Procedural Memories

Memories for the performance of actions or skills, often known as "muscle memory," which are recalled without conscious awareness.