Which of the Following Would Cause Both the Equilibrium Price

question 170

Multiple Choice

Which of the following would cause both the equilibrium price and equilibrium quantity of potatoes (assume that potatoes are an inferior good) to decrease?

• A)an increase in consumer income
• B)a freeze that sharply reduces potato output
• C)a decrease in consumer income
• D)a technological advancement that results in a bumper crop of potatoes

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Definitions:

Psychological Disorders

Patterns of behavioral, cognitive, emotional, or physical symptoms that lead to distress, disability, or impaired functioning.

Functionalism

A perspective in psychology that focuses on the purpose and adaptive functions of human thoughts, feelings, and behaviors.

Gestalt

A psychological theory that proposes organisms perceive entire patterns or configurations, not merely as individual components.

Structuralist

Structuralism is an approach in fields such as psychology which posits that elements of human culture must be understood in terms of their relationship to a larger, overarching system or structure.