If Demand Increases While Supply Decreases, Then the Equilibrium Price

question 252

Multiple Choice

If demand increases while supply decreases, then the equilibrium price

• A) always increases.
• B) always decreases.
• C) may increase, decrease, or stay the same.
• D) never changes.

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Definitions:

Single Trial

A learning process that occurs or is influenced significantly by one instance or exposure, often used in the context of memory or conditioning studies.

Incompatible Stimuli Method

A technique used in behavior modification where a behavior that is undesired is matched with an incompatible response in order to reduce or eliminate it.

Smoking

The action of inhaling and exhaling the smoke of burning tobacco; can lead to addiction and various health issues.

Gum Chewing

The act of chewing gum, which can be studied in psychology for its effects on concentration, stress reduction, or habit formation.