-Assume That the Market Is Originally at Point Z

question 165

Multiple Choice

-Assume that the market is originally at point Z.Movement to point W is a combination of

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

---

Definitions:

Mere Exposure Effect

The psychological phenomenon whereby people tend to develop a preference for things merely because they are familiar with them.

Stimulus

Anything that can provoke a response or reaction from a biological organism or a system.

Conscious Awareness

The mental state of being fully engaged and aware of the present moment, including thoughts, feelings, and external environment.

Strongest

The most powerful, forceful, or capable in a particular group, area, or context.