There Is a Technological Advance in the Production of Ice

question 418

Multiple Choice

There is a technological advance in the production of ice cream. As a result, the supply curve of ice cream shifts ________ and ________.

• A) leftward; both the equilibrium price and equilibrium quantity fall
• B) rightward; both the equilibrium price and equilibrium quantity fall
• C) rightward; the equilibrium price falls while the equilibrium quantity increases
• D) rightward; both the equilibrium price and equilibrium quantity rise

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Definitions:

Ambiguous Actions

Actions that can be interpreted in more than one way, often due to a lack of clear intent or information.

Hostility

Feelings of anger, aggression, or resentment towards others, often leading to antagonistic behavior.

Frustration-aggression Hypothesis

A psychological theory suggesting that the occurrence of aggressive behavior arises from individuals' frustration when their goal-directed behavior is blocked.

Frustration

A feeling of dissatisfaction, often resulting from unmet needs or unresolved problems.