An Increase in Product Price Will Cause

question 336

Multiple Choice

An increase in product price will cause

• A) quantity demanded to decrease.
• B) quantity supplied to decrease.
• C) quantity demanded to increase.
• D) the supply curve to shift to the left.

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Definitions:

Dispositional Attributions

The tendency to attribute people's behaviors to their internal qualities rather than to situational factors.

Admirable Actions

Behaviors or deeds that are commendable or worthy of admiration.

Shameful Actions

Behaviors that an individual feels a deep sense of shame or guilt about, often due to societal or personal standards of morality and ethics.

Fundamental Attribution Error

The tendency for observers, when analyzing another’s behavior, to underestimate the impact of the situation and to overestimate the impact of personal disposition.