The Current Demand for a Good Would Decrease If

question 245

Multiple Choice

The current demand for a good would decrease if

• A) the price of a complementary good rose.
• B) the price of a substitute good rose.
• C) consumers suddenly believed the price of the good would be sharply higher in the future.
• D) consumer income increased.

Recognize the developmental importance of friendships in childhood and adolescence.

Distinguish between various adolescent social statuses and their implications.

Understand the role of constructive play in cognitive and problem-solving skill development.

Comprehend how developmental psychologists conceptualize stages of friendship.

---

Definitions:

Spatial Perspective Taking

The cognitive ability to understand and interpret the spatial relations between objects from different viewpoints.

Mental Modules

Hypothesized innate mental faculties that receive inputs from particular classes of objects and produce corresponding information about the world.

Precausal Reasoning

A type of logic in young children characterized by a misunderstanding of cause and effect relationships.

Egocentrism

In Piaget’s terms, the tendency to “center on oneself”—that is, to consider the world entirely in terms of one’s own point of view.