A Shift in the Demand Curve to the Left, All

question 125

Multiple Choice

A shift in the demand curve to the left, all other things unchanged:

• A) will cause the supply curve to shift to the left, too.
• B) will cause a movement upward along the supply curve and a higher equilibrium price.
• C) will cause a movement downward along the supply curve and a lower equilibrium quantity.
• D) will result in a lower equilibrium price and greater equilibrium quantity.

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Definitions:

Sensitization

An increase in behavioral response after exposure to a stimulus, often as a result of an enhanced reaction to a subsequent stimulus.

Habituation

A decrease in response to a stimulus after repeated exposure to it, representing a fundamental form of learning.

Sensitization

An increased reaction to a stimulus following repeated exposure, often used in the context of drug tolerance or allergic reactions.

Behavioral Contrast

A phenomenon observed in behavioral psychology where a change in conditions leads to an opposite change in the individual's response rate, evident in both positive and negative reinforcements.