Which of the Following Would Cause Both the Equilibrium Price

question 270

Multiple Choice

Which of the following would cause both the equilibrium price and equilibrium quantity of ramen to increase? Assume that ramen is an inferior good.

• A)an increase in consumer income
• B)a strike that sharply reduces ramen output
• C)a decrease in consumer income
• D)a diet that encourages people not to eat noodles.

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Definitions:

Reinforcement

In the context of behavioral psychology, reinforcement involves any stimulus which strengthens or increases the probability of a specific response.

Frustration Aggression Hypothesis

A psychological theory suggesting that frustration, or the blockage of achieving an expected goal, leads to aggressive behavior.

Act Aggressively

Exhibiting behavior that intends to harm or show dominance over others, either physically or verbally.

Future Aggression

The likelihood or potential for an individual to express aggressive behavior or hostility in future circumstances.