FIGURE 3-2 -Refer to Figure 3-2.Two Donut Chains in Your Town Are

question 53

Multiple Choice

FIGURE 3-2

-Refer to Figure 3-2.Two donut chains in your town are battling for customers.The manager of the Yum Yum Donut Shop,facing demand curve D₁,has changed donut prices from P₀ to P₁.What do the customers do as a result?

• A)They increase purchases at Yum Yum to Q₁.
• B)They buy the same quantity of Yum Yum donuts as before the price change.
• C)They decrease demand to D₀.
• D)They decrease purchases at Yum Yum to Q₀.

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Definitions:

Long-term Memory

The phase of the memory process that is capable of storing information for long periods of time, even permanently.

Maintenance Rehearsal

A method of keeping information in short-term memory by mentally repeating it.

Episodic Memories

Episodic memories are a type of long-term memory that involve the recollection of specific events, situations, and experiences, including the context and emotions associated with them.

Semantic Memories

Memories of general knowledge and facts about the world, independent of personal experience.