A Decrease in the Demand for Soft Drinks Due to Changes

question 92

Multiple Choice

A decrease in the demand for soft drinks due to changes in consumer tastes, accompanied by an increase in the supply of soft drinks as a result of reductions in input prices, will result in

• A)a decrease in the equilibrium quantity of soft drinks and no change in the equilibrium price.
• B)a decrease in the equilibrium price of soft drinks and no change in the equilibrium quantity.
• C)a decrease in the equilibrium price of soft drinks; the equilibrium quantity may increase or decrease.
• D)an increase in the equilibrium quantity of soft drinks; the equilibrium price may increase or decrease.

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Definitions:

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The competition or animosity between brothers and sisters, which can be motivated by the desire for parental attention, among other factors.

Alfred Adler

An Austrian psychotherapist and founder of Adlerian psychology, emphasizing the importance of the feeling of inferiority in the development of personality.

Karen Horney

A psychoanalytic psychologist known for her theory of neurosis and her critiques of Freud's focus on sexuality, introducing the concept of basic anxiety.

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