A Change in Which of the Following Will Cause Both

question 157

Multiple Choice

A change in which of the following will cause both a shift in supply and a shift in demand?

• A) the number of firms in an industry
• B) tastes and preferences
• C) income
• D) expectations of future prices
• E) the number of buyers

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Definitions:

Anxiety Decrease

A reduction in the feelings of nervousness, worry, or unease typically about an imminent event or something with an uncertain outcome.

Developmental Theories

Theoretical approaches to understanding the sequence, patterns, and mechanisms of growth, change, and consistency throughout the human life span.

Moral Developmental Level

Stages of growth individuals go through as they develop the ability to think about moral problems, including recognition of moral issues, making moral judgments, and establishing personal moral codes.

Lifespan Perspective

An approach in psychology that emphasizes developmental changes throughout an individual's life, from birth to death.