Examlex

Solved

A Decrease in Supply Raises the Price of a Good

question 72

True/False

A decrease in supply raises the price of a good, but it also decreases the quantity demanded, which lowers the price of a good. The net effect on price is ambiguous.


Definitions:

Ethnocultural Countertransferential Reactions

Emotional responses that a therapist might experience due to the ethnic or cultural background of a patient, influencing the therapeutic relationship.

Comas-Diaz

Lillian Comas-Díaz is a clinical psychologist known for her work in multicultural mental health, focusing on the psychological treatment of people of color.

Cultural Ambivalence

Mixed or conflicting feelings towards cultural elements or identities, often experienced in multicultural or shifting cultural contexts.

Excessive Curiosity

An overly intense or unhealthy desire to know or learn about things, sometimes leading to intrusive or inappropriate behavior.

Related Questions