Exhibit 4-8

question 12

Multiple Choice

Exhibit 4-8
-Refer to Exhibit 4-8. A shift from demand curve D to demand curve D' would be caused by a(n)

• A)decrease in the price of the product under consideration
• B)significant decrease in population because of emigration
• C)increase in consumer income
• D)decrease in the number of producers of the product
• E)increase in the price of a relevant resource

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Definitions:

Precausal Reasoning

A type of logical thinking observed in young children where cause-and-effect relationships are not understood in conventional or scientific terms.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched.

Centered Thinking

Centered thinking refers to focusing on one aspect of a situation while ignoring others, often observed in cognitive development of children.

Beaker

A beaker is a simple container used in laboratories for stirring, mixing, and heating liquids, typically cylindrical in shape with a flat bottom and a lip for pouring.