Refer to the Information Provided in Figure 3

question 6

Multiple Choice

Refer to the information provided in Figure 3.12 below to answer the questions that follow. Figure 3.12
-Refer to Figure 3.12 The market is initially in equilibrium at Point A. If demand shifts from D1 to D2, the new equilibrium price will be ________ and the new equilibrium quantity will be ________.

• A) $3.00; 250
• B) $6.00; 250
• C) $4.00; 350
• D) $4.00; 150

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Definitions:

Yerkes-Dodson Law

A theory suggesting there is an optimal level of arousal for performance, and too little or too much can hinder it.

Task Instructions

Specific directions or orders given to an individual or a group to follow in order to complete a task or achieve an objective.

Self-actualization

Self-actualization is the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.