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:

Kohler

Refers to Wolfgang Köhler, who was a German psychologist and a key figure in the development of Gestalt psychology, emphasizing insight in learning and problem-solving.

Cognitive Processing

The mental operations involved in acquiring, storing, retrieving, and using information.

Associative Learning

The learning method through which a connection is established between a pair of stimuli or between a behavior and a specific stimulus.

Errorless Discrimination Training

A training procedure in animal learning and educational techniques designed to minimize errors and reduce frustration by gradually introducing discriminative stimuli.