The Price of a Good Always Changes When

question 134

Multiple Choice

The price of a good always changes when

• A) either a shortage or a surplus occurs.
• B) quantity demanded and quantity supplied are constant.
• C) there is an increase in demand and an increase in supply.
• D) there is a decrease in demand and a decrease in supply.

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Definitions:

Avoidance

Avoidance refers to a behavior aimed at preventing unpleasant experiences or outcomes.

Panic

A sudden sensation of fear, which can be so intense as to provoke a drastic physical reaction, often without a clear cause.

Specific Phobia

An anxiety disorder marked by an overwhelming and unreasonable dread of a certain object, situation, or activity.

Panic Disorder

A psychiatric condition characterized by recurrent unexpected panic attacks and ongoing fear of future attacks.