Which of the Following Would Cause a Decrease in Both

question 195

Multiple Choice

Which of the following would cause a decrease in both the price and quantity of a good exchanged?

• A)A strike by production workers in the industry.
• B)A subsidy to the industry from the government.
• C)A decrease in advertising expenditures by the industry.
• D)A decrease in the price of a complement good.
• E)None of the above would cause a decrease in both the price and quantity of a good exchanged.

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Definitions:

Ultimate Attribution Error

A specific form of the fundamental attribution error where entire groups are stereotyped as having inherent traits causing their behavior, without considering situational factors.

Situational Factors

External influences that affect individuals' behavior, perceptions, and responses in various contexts.

Freeloaders

Individuals who take advantage of others' efforts or resources without giving anything in return, often in a group or community setting.

Selectivity Of Person Perception

The process by which individuals selectively interpret what they see in others based on their own interests, background, experience, and attitudes.