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Fatima,an Iranian student,has not had exposure to American television except for a few episodes of the Flintstones cartoon on satellite TV.When she immigrates to the U.S.,she has access to over 50 channels of cable TV,but she finds that she prefers watching the Flintstones to any other show. Which thoery best explains Fatima's preference?
Surplus
A situation where there is excess of supply over demand in the market, leading to downward pressure on prices.
Decrease in Demand
A situation where consumers are willing and able to purchase less of a good or service at any given price, often reflected in a leftward shift of the demand curve.
Decrease in Price
A reduction in the cost of a good or service, often resulting in increased demand or consumption.
Decrease in Supply
A reduction in the total amount of a given good or service that is available to consumers, often leading to higher prices.
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