Use the Following to Answer Question

question 50

Multiple Choice

Use the following to answer question
Figure: Interpreting Market Shifts
-(Figure: Interpreting Market Shifts) The graph shows how supply and demand increased between the years 2011 and 2012.The final effect is:

• A) only price rose.
• B) only quantity rose.
• C) both price and quantity fell.
• D) both price and quantity rose.

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Definitions:

Psychology

The scientific study of the mind and behavior, encompassing various facets of conscious and unconscious experience as well as thought.

Phenomena

Observable events or circumstances, especially those that are unusual or difficult to understand fully.

Psychological Well-being

A state that includes emotional health, life satisfaction, and a sense of purpose or fulfillment.

Wilhelm Wundt

Often considered the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig, Germany.