-Refer to Exhibit 3-16

question 133

Multiple Choice

-Refer to Exhibit 3-16.Which of the following is false?

• A) Graph (1): There is a shortage of this good when the price is equal to P₃.
• B) Graph (2): As supply increases,equilibrium quantity remains constant.
• C) Graph (3): As demand increases,equilibrium price remains constant.
• D) Graph (4): As supply changes,equilibrium price stays the same.

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Definitions:

Adult Personality

The characteristic patterns of thoughts, feelings, and behaviors that make a person unique and which tend to stabilize in adulthood.

Psychosexual Stages

In Freudian psychology, sequential phases of psychological development through which a child's libido focuses on distinct erogenous zones from birth through maturity.

Society's First Effort

Typically refers to the initial actions or policies a society undertakes to address a new challenge or problem.

Child Impulses

Natural, spontaneous urges to act that are seen in children, often driven by immediate wants or desires.