According to the Supply and Demand Principle,a Decrease in Supply

question 166

Multiple Choice

According to the supply and demand principle,a decrease in supply results in __________.

• A)an increase in demand and a decrease in value
• B)a decrease in demand and an increase in value
• C)an increase in demand and an increase in value
• D)an increase in demand and no change in value

---

Definitions:

Using An Analogy

An educational method of explaining a new concept by comparing it to a more familiar concept.

Ongoing Conflict

A continuing or persisting conflict without resolution, often involving prolonged struggle or disagreement.

Means-End Analysis

A problem-solving technique that involves breaking down the differences between the current situation and the desired goal into manageable steps.

Stroop Task

A cognitive test that demonstrates the interference between the automatic process of reading the color of a word and the color of the ink in which it is printed.