In Which of the Following Situations Will Market Clearing Price

question 251

Multiple Choice

In which of the following situations will market clearing price increase and the equilibrium quantity decrease?

• A) an increase in demand with no change in supply
• B) an increase in supply with no change in demand
• C) a decrease in supply with no change in demand
• D) a decrease in demand with no change in supply

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Definitions:

Similarity

A Gestalt principle of perception; the tendency to perceive things that look similar to each other as being part of the same group.

Emotional Expression

The way in which a person exhibits behavioral manifestations of emotion, including facial expressions, vocalizations, and gestures.

Reinforcement

A stimulus or event that increases the likelihood of the behavior that it follows.

Proximity

The physical or psychological closeness between people, objects, or ideas, often influencing relationships and perceptions.