A Decrease in the Demand for Incandescent Light Bulbs Due

question 167

Multiple Choice

A decrease in the demand for incandescent light bulbs due to changes in consumer tastes, accompanied by a decrease in the supply of incandescent light bulbs as a result of government restrictions, will result in

• A)a decrease in the equilibrium quantity of incandescent light bulbs and no change in the equilibrium price.
• B)a decrease in the equilibrium price of incandescent light bulbs and no change in the equilibrium quantity.
• C)a decrease in the equilibrium price of incandescent light bulbs; the equilibrium quantity may increase or decrease.
• D)a decrease in the equilibrium quantity of incandescent light bulbs; the equilibrium price may increase or decrease.

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Definitions:

Gender-Role Stereotypes

Societal norms dictating the behaviors, interests, and roles deemed appropriate for individuals based on their biological sex.

Gender-Role Stereotypes

Preconceived notions about the attributes, behaviors, and roles deemed appropriate for men and women in a society.

Achievement-Oriented

A personality characteristic defined by a strong desire to accomplish significant goals or meet high standards of success.

Career Goals

Long-term professional objectives an individual aims to achieve, often involving a series of steps or milestones in a chosen field.