For Quantity Exchanged to Decrease, but the Price to Rise

question 240

Multiple Choice

For quantity exchanged to decrease, but the price to rise, there must have been a(n)

• A)​increase in demand.
• B)​decrease in demand.
• C)​increase in supply
• D)​decrease in supply.

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Definitions:

Extraverted Personality

A personality trait associated with being outgoing, talkative, energetic, and sociable, as opposed to introverted individuals who may be more reserved and solitary.

Unconditional Positive Regard

A concept in psychotherapy and psychology where an individual is accepted and supported, regardless of what they say or do, emphasizing a non-judgmental stance.

Individualists

People who prioritize personal independence and self-expression over collective goals and community values.

Personal Identities

The concept refers to an individual's unique sense of self, shaped by personal experiences, values, and social relationships.