If Demand Increases While Supply Simultaneously Decreases, Then the Equilibrium

question 143

Multiple Choice

If demand increases while supply simultaneously decreases, then the equilibrium quantity

• A) always increases.
• B) always decreases.
• C) can never change.
• D) none of the above

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Definitions:

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives to someone else.

Sigmund Freud

An Austrian neurologist best known for developing the theories and techniques of psychoanalysis, including the concepts of the unconscious mind, Oedipus complex, and defense mechanisms.

Psychodynamic Theories

A group of theories in psychology that emphasize the influence of the unconscious mind and childhood experiences on behavior.

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual.