When Quantity Supplied Increases at Every Possible Price,we Know That

question 28

Multiple Choice

When quantity supplied increases at every possible price,we know that the supply curve has

• A)shifted to the left.
• B)shifted to the right.
• C)not shifted;rather,we have moved along the supply curve to a new point on the same curve.
• D)not shifted;rather,the supply curve has become flatter.

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Definitions:

Just Noticeable Difference

The minimum difference in stimulation that a person can detect 50% of the time.

Absolute Threshold

This pertains to the lowest level at which an organism can experience a sensation, marking the boundary between non-detection and detection of a stimulus.

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant or repetitive stimuli over time.

Signal-Detection Theory

A means to quantify the ability to discern between information-bearing patterns and random patterns that distract from the information in the presence of uncertainty.