The Relationship Between Quantity Supplied and the Price of Output

question 50

Multiple Choice

The relationship between quantity supplied and the price of output is such that

• A)an increase in price will lead to an increase in quantity supplied.
• B)quantity will decrease as the number of firms increases.
• C)an increase in price will produce an inward shift in the supply curve.
• D)an increase in quantity will automatically lead to a reduction in price.

---

Definitions:

Motivated Forgetting

A theoretical concept suggesting that individuals may subconsciously block memories of traumatic or disturbing events.

Episodic Memory

The type of long-term memory that involves the recollection of specific events, situations, and experiences, including their contexts and the emotions associated with them.

Implicit Memory

A type of long-term memory that doesn't require conscious thought and is expressed automatically through performance.

Semantic Memory

A branch of long-term memory involved in the storage of general world knowledge, facts, concepts, and meanings.