Assume That the Demand Curve for MP3 Players Shifts to the Right

question 66

Multiple Choice

Assume that the demand curve for MP3 players shifts to the right and the supply curve for MP3 players shift to the left, but the supply curve shifts more than the demand curve.As a result

• A)both the equilibrium price and quantity of MP3 players will decrease.
• B)the equilibrium price of MP3 players will decrease; the equilibrium quantity will increase.
• C)the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
• D)the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.

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Definitions:

Long-Term Memory

The phase of memory in which information is stored for extended periods of time, potentially lifelong, beyond the capacity of short-term or working memory.

Motivated Forgetting

Forgetting that occurs when something is so painful or anxiety-laden that remembering it is intolerable.

Traumatic Memories

Memories of traumatic events that are so emotionally overwhelming they are often fragmented and may lead to problems like post-traumatic stress disorder (PTSD).

Repressed Memories

Memories that have been unconsciously blocked due to being associated with a high level of stress or trauma.