Suppose That the Price of Bread Rises

question 323

Multiple Choice

Suppose that the price of bread rises.This rise could be the result of

• A) a decrease in the supply of bread.
• B) an increase in the supply of bread.
• C) a decrease in the demand for bread.
• D) Both answers A and C are correct.
• E) Both answers B and C are correct.

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Definitions:

Sternberg's Inteligences

Refers to Robert Sternberg's Triarchic Theory of Intelligence, which defines intelligence in terms of analytical, creative, and practical components.

Encoding

The process by which information is transformed into a form that can be stored in memory.

Triarchic

Governed by three. Descriptive of Sternberg’s view that intellectual functioning has three aspects: analytical intelligence, creative intelligence, and practical intelligence.

Encoding

In psychology, the process of converting information into a form that can be stored in memory, initiating the process of creating a new memory.