-In the Above Figure, If the Demand Curve Is D2

question 368

Multiple Choice

-In the above figure, if the demand curve is D2, then

• A) the equilibrium price will be P1 and the equilibrium quantity will be Q2.
• B) the equilibrium price will be P1 and the equilibrium quantity will be Q1.
• C) there will be a shortage equal to Q2 - Q1.
• D) an increase in price will shift the demand curve to D3.

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Definitions:

Operant Behavior

A type of behavior that is influenced by the consequences that follow it, with rewards typically increasing the frequency of the behavior and punishments decreasing it.

Consequences

The outcomes or effects that result from actions or conditions.

Studies

Refers to the pursuit of knowledge, as in academic or scientific research, or the act of examining a subject in detail.

Organizational Norms

The unwritten rules and shared expectations that guide behavior and interaction within an organization.