Solved

Figure 14-14

question 390

Multiple Choice

Figure 14-14 Figure 14-14 -Refer to Figure 14-14. Suppose a firm in a competitive market, like the one depicted in panel (a) , observes market price rising from P1 to P2. Which of the following could explain this observation? A) The entry of new firms into the market. B) The exit of existing consumers from the market. C) An increase in market supply from S0 to S1. D) An increase in market demand from D0 to D1. Figure 14-14 -Refer to Figure 14-14. Suppose a firm in a competitive market, like the one depicted in panel (a) , observes market price rising from P1 to P2. Which of the following could explain this observation? A) The entry of new firms into the market. B) The exit of existing consumers from the market. C) An increase in market supply from S0 to S1. D) An increase in market demand from D0 to D1.
-Refer to Figure 14-14. Suppose a firm in a competitive market, like the one depicted in panel (a) , observes market price rising from P1 to P2. Which of the following could explain this observation?

Definitions:

Reinforcing Factors

Elements or conditions that support the continuation or strengthening of behavior through positive or negative reinforcement.

Habit

A repeated behavior or practice, often performed automatically and with little conscious thought.

Predisposing Factors

Elements or conditions that make an individual more susceptible to developing a disease or disorder.

Knowledge

Information, understanding, or skills acquired through experience or education.