Use the Following to Answer Questions

question 248

Multiple Choice

Use the following to answer questions:
Figure: Basic Supply and Demand
-(Figure: Basic Supply and Demand) In the diagram, which of the following statements is TRUE?

• A) When the price is $3, the quantity demanded exceeds the quantity supplied by 60 units.
• B) When the price is $2, the quantity demanded exceeds the quantity supplied by 40 units.
• C) When the price is $4, the quantity demanded is less than the quantity supplied by 40 units.
• D) When the price is $2, there is a tendency for the price to rise in the future.

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Definitions:

Aversion Conditioning

A method of behavioral therapy that involves associating a negative reaction with a particular stimulus in order to reduce or eliminate undesirable behavior.

Electric Shock

A sudden discharge of electricity through a part of the body, which can cause injury or trauma depending on its intensity.

Cigarette Case

A small box or container used to carry cigarettes, often made of metal or leather, and sometimes used as a personal accessory.

Systematic Desensitization

A behavioral therapy technique used to gradually reduce phobia or anxiety through the use of relaxation exercises and controlled exposure to the feared object or situation.