The Equilibrium Quantity Will Decrease and the Price Might Rise

question 322

Multiple Choice

The equilibrium quantity will decrease and the price might rise, fall, or stay the same when the

• A) demand and the supply of a good both increase.
• B) demand for a good increases and the supply of it decreases.
• C) demand for a good decreases and the supply of it increases.
• D) demand and the supply of a good both decrease.

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Definitions:

Trait Approach

A perspective in psychology that focuses on the identification and measurement of specific, stable characteristics in individuals.

Behaviorist Approach

A theory of learning which states that all behaviors are learned through interaction with the environment through a process called conditioning.

Psychoanalytic Approach

This approach focuses on understanding and treating mental disorders by exploring the unconscious mind's role in shaping behaviors and thoughts.

Human Psychology

The scientific study of the human mind and its functions, particularly those affecting behavior in various contexts.