Suppose That Today the Market for Lima Beans Is in Equilibrium.Tomorrow

question 87

Multiple Choice

Suppose that today the market for lima beans is in equilibrium.Tomorrow both the supply and demand curves for lima beans will shift to the left.As a result,the equilibrium price __________ and the equilibrium quantity will __________.

• A) will fall;fall
• B) will fall;rise
• C) will rise;fall
• D) cannot be determined;fall
• E) cannot be determined;rise

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Definitions:

Physical Appearance

The outward look of individuals, including characteristics such as body shape, facial features, and other physical traits, which can affect social perception and interaction.

Impressions

The initial perceptions or thoughts formed about someone or something based on observed attributes or actions.

Conformity

The process of aligning one's beliefs, behaviors, and attitudes with the norms of a group or the expectations of society.

Evolutionary Perspective

A theoretical approach that studies human behavior, mind, and society through the lens of evolution and natural selection.