Use the Following to Answer Question

question 146

Multiple Choice

Use the following to answer question:
-(Figure: The Demand and Supply of Wheat) Use Figure: The Demand and Supply of Wheat.If there is a decrease in supply of 2,000 bushels per period at each price,the equilibrium price and quantity will be _____ and _____ bushels per period,respectively.

• A)$5;5,000
• B)$7;5,000
• C)$6;4,000
• D)$8;6,000

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Definitions:

Machiavellianism

A personality characteristic involving one’s willingness to do whatever it takes to get one’s own way.

Discord

A lack of agreement or harmony between people or things, often resulting in conflict or disorder.

Cognitive Component

A part of an attitude that encompasses the beliefs, thoughts, and attributes that we have about an object or situation.

ABC Model

A cognitive-behavioral model that describes the relationship between activating events, beliefs, and consequences in understanding human behavior.