If Both the Supply and Demand Curves Shift to the Left

question 83

Multiple Choice

If both the supply and demand curves shift to the left, there will be a(n) :

• A)increase in the equilibrium quantity sold.
• B)decrease in the equilibrium quantity sold.
• C)increase in the equilibrium price.
• D)decrease in the equilibrium price.
• E)a change in quantity that is indeterminate.

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Definitions:

Paired-Associates Learning

A learning process where items to be learned are presented in pairs so that when one item of a pair is presented, the other is recalled.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept crucial in cognitive development in infancy.

Conservation

The understanding that some properties of an object or substance remain the same even when its appearance is altered in some way, a concept important in cognitive development.

Mnemonic Devices

Techniques or tools that aid in the memorization and retrieval of information through associations and patterns.