If Demand Decreases and Supply Increases in a Market That

question 195

Multiple Choice

If demand decreases and supply increases in a market that is initially in equilibrium, then _____

• A) the equilibrium price will remain unchanged.
• B) the equilibrium price will always decrease.
• C) the equilibrium price will always increase.
• D) the equilibrium quantity will always decrease.
• E) the equilibrium quantity will remain unchanged.

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Definitions:

Systematic Desensitization

A therapeutic technique used to help effectively overcome phobias and anxieties by gradually exposing the patient to the fear in a controlled setting.

Fixation

An obsessive focus or attachment to a person, object, or idea, which can interfere with normal psychological development or functioning.

Id

A component of Sigmund Freud's psychoanalytic theory, representing the instinctual drives and the source of psychic energy.

Superego

In psychoanalytic theory, the part of the personality that represents internalized ideals, providing standards for judgment and for future aspirations.