Given a Downward Sloping Demand Curve and an Upward Sloping

question 190

Multiple Choice

Given a downward sloping demand curve and an upward sloping supply curve for product X, an increase in the price of a substitute good (in consumption) will:

• A)increase equilibrium price and quantity of X.
• B)decrease equilibrium price and quantity of X.
• C)increase equilibrium price and decrease equilibrium quantity of X.
• D)decrease equilibrium price and increase equilibrium quantity of X.

Evaluate the criticisms and limitations of evolutionary psychology.

Apply evolutionary psychology to understand relationship dynamics.

Understand how evolutionary psychology explanations can be applied to real-life situations.

Understand the basic assumptions underpinning the t-test for independent samples.