The Market Clearing Price of Computer Modems Has Just Decreased

question 280

Multiple Choice

The market clearing price of computer modems has just decreased. Which of the following could have caused this change?

• A) a decrease in supply at the same time that demand increases
• B) an increase in supply at the same time that demand decreases
• C) a decrease in supply with demand unchanged
• D) an increase in demand with supply unchanged

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Definitions:

First Impressions

The initial perception or judgement one forms about someone or something upon first encounter.

Test Anxiety

A type of performance anxiety characterized by extreme nervousness or fear about taking exams or being evaluated.

First Impressions

The initial perception one forms about a person or situation based on the first few moments of encounter, often lasting and difficult to change.

Emotional Behaviors

Actions that are the outcome of emotions, reflecting feelings such as anger, happiness, or sadness.