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If the Number of Buyers in a Market Increases from 50

question 158

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If the number of buyers in a market increases from 50 to 100,you would expect the equilibrium price to ________ and the equilibrium quantity to ________,holding all else constant.


Definitions:

E. B. Titchener

A psychologist known for founding structuralism, focusing on breaking down mental processes into the most basic components.

Wilhelm Wundt

A German psychologist who is often regarded as the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig in 1879.

Trained Introspection

A method in early psychology involving trained observers examining and reporting the content of their own thoughts and mental experiences.

Wilhelm Wundt

Known as the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig in 1879.

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