Refer to the Above Diagram,which Shows Demand and Supply Conditions

question 65

Multiple Choice

Refer to the above diagram,which shows demand and supply conditions in the competitive market for product X.Given D₀,if the supply curve moved from S₀ to S₁,then:

• A) supply has increased and equilibrium quantity has decreased.
• B) supply has decreased and equilibrium quantity has decreased.
• C) there has been an increase in the quantity supplied.
• D) supply has increased and price has risen to 0G.

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to reduce anxiety and fear responses through gradual exposure to the feared object or situation along with relaxation exercises.

Modeling

A method of learning that consists of observing and replicating another's behavior, attitudes, or emotional expressions.

Flooding

A psychological treatment method that exposes the patient to their fear or trauma in a safe and controlled environment to help overcome anxiety.

Rational-emotive

A cognitive-behavioral approach that identifies irrational beliefs, challenges them, and encourages the development of more rational thought patterns to facilitate emotional well-being.