Use the Following to Answer Questions

question 273

Multiple Choice

Use the following to answer questions
Figure: Understanding Price Ceilings and Floors
-(Figure: Understanding Price Ceilings and Floors) In the graph,if the government sets a price of $75,there is a:

• A) shortage of 600.
• B) surplus of 600.
• C) shortage of 800.
• D) surplus of 800.

---

Definitions:

Early-Selection Model

A theory in cognitive psychology suggesting that information is filtered, or selected for further processing, early in the perceptual process.

Late-Selection Model

A theory in cognitive psychology suggesting that the selection of information for final processing occurs late in the processing sequence.

Acoustic-Blocking Model

A theoretical hypothesis suggesting interference in the processing of sounds or verbal information can impede learning or comprehension.

Retrieval

Retrieving and elevating stored information into one's consciousness from memory.