If Demand Increases and Supply Decreases, Quantity Will

question 148

Multiple Choice

If demand increases and supply decreases, quantity will

• A)always increase
• B)always decrease
• C)increase only if supply decreases more than demand increases
• D)increase only if supply decreases less than demand increases
• E)decrease only if supply decreases less than demand increases

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Definitions:

Early Interest

Initial curiosity or attention towards a particular subject or activity that could develop into a more profound involvement or expertise.

Locus of Control

A psychological concept that categorizes individuals by their belief in personal control over life events, either as internal (self-control) or external (controlled by outside factors).

Studied Variables

Elements or factors that are measured or manipulated within research to explore their effects on outcomes of interest.

Reinforcement

In psychology, it refers to a consequence that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.