If There Is a Shortage in the Market for Jeans

question 42

Multiple Choice

If there is a shortage in the market for jeans,

• A)producers' inventories will increase
• B)the price should begin to rise
• C)the demand curve will shift to restore equilibrium in the market
• D)the supply curve will shift to restore equilibrium in the market
• E)producers expect government to impose a price ceiling

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Definitions:

Cognitive Map

A mental representation of one’s physical environment, facilitating navigation and understanding of spatial relationships.

Observational Learning

Learning that occurs through observing the behavior of others, also known as social learning or modeling.

Classical Conditioning

An educational method where learning happens by linking an external stimulus with a naturally existing stimulus.

Cognitive Map

A mental representation of one's physical environment, enabling an individual to navigate and understand the spatial attributes of their surroundings.