-If Supply Shifts from S2 to S1,the Market Adjusts to the New

question 29

Multiple Choice

-If supply shifts from S2 to S1,the market adjusts to the new equilibrium price and quantity through

• A) an increase in demand.
• B) a decrease in the quantity demanded.
• C) an increase in the quantity demanded.
• D) a decrease in demand.
• E) a decrease in the quantity supplied.

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Definitions:

False Alarms

In signal detection theory, this refers to instances where a signal is perceived or reported, but no actual signal was present.

Specificity Theory

A principle in sensory physiology proposing that different sensory qualities are signaled by different nerve fibers.

NutraSweet

A brand name for aspartame, an artificial sweetener used in various food and beverage products.

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.