The Forces of Demand and Supply Ensure That at Equilibrium

question 67

Multiple Choice

The forces of demand and supply ensure that at equilibrium

• A)there are no shortages or surpluses.
• B)there are no shortages,but there may be surpluses.
• C)there are no surpluses,but there may be shortages.
• D)there may be shortages or surpluses.

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Definitions:

Validity Effect

The tendency to believe that information is correct or valid simply because it has been repeated multiple times.

The Big Lie

A propaganda technique, often attributed to Adolf Hitler, based on the premise that a lie, if audacious enough and repeated enough times, will be believed by the masses.

Symbolic Racism

A form of racism expressed through indirect symbols or phrases, often denying racial bias.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.