If There Is a Technological Advance in the Production of Paper

question 50

Multiple Choice

If there is a technological advance in the production of paper at the same time consumer income increases (assume paper is a normal good) ,what will happen in the market for paper?

• A)Price will increase,quantity will decrease
• B)Price will increase,quantity will increase
• C)Price will decrease,quantity will decrease
• D)Price will decrease,quantity will increase
• E)The new equilibrium price and quantity can not be determined

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Definitions:

Stress-Vulnerability

A model suggesting that the development of psychiatric disorders results from the interaction between individual vulnerability (genetic, biological) and external stressors.

Two-Factor Theory

A psychological theory that proposes human emotions consist of two components: physical arousal and a cognitive label for that arousal.

Genetically Inherited Traits

Characteristics or attributes that are passed from parents to offspring through genes.

Environment

The sum of all external conditions and influences affecting the life and development of organisms, including natural and built environments.