Examlex
What will happen to supply or quantity supplied under each of the following situations?
a.the price of the product falls
b.technology improves
c.input prices rise
d.expectations change - you expect the price of your product to rise next month
Beliefs
Convictions or acceptances that something exists or is true, especially without empirical evidence.
Behaviorism
A psychological approach that studies observable and quantifiable aspects of behavior and the effects of the environment on those behaviors, excluding theories of mind.
Immediate Response
A swift reaction to a stimulus or situation without delay.
Learning
The process of acquiring new, or modifying existing, knowledge, behaviors, skills, values, or preferences.
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