Figure 3-8

question 83

Multiple Choice

Figure 3-8
-Refer to Figure 3-8.The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D₁ and S₁ (point A) .If there is a shortage of apples how will the equilibrium point change?

• A)The equilibrium point will move from A to B.
• B)The equilibrium point will move from A to C.
• C)There will be no change in the equilibrium point.
• D)The equilibrium point will move from A to E.

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Definitions:

Yerkes-Dodson Law

A theory suggesting there is an optimal level of arousal for performance, and too little or too much arousal can negatively impact performance.

Physiological Arousal

A physical condition of heightened alertness, energy, or readiness to respond, often associated with stress, excitement, or physical exercise.

Soccer Team

A group of players assembled to participate in soccer matches, typically consisting of eleven players on the field.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by a hierarchy of needs starting from basic physiological needs to self-actualization.