Which of the Following Could Not Cause an Increase in Both

question 45

Multiple Choice

Which of the following could not cause an increase in both the equilibrium price and quantity of a good exchanged?

• A)​Increased input prices.
• B)​Decreased incomes for an inferior good.
• C)​An increase in the price of a substitute good.
• D)​Increased tastes for the good.

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Definitions:

Openness to New Experiences

A personality trait characterized by an individual's willingness to try new activities and be open to new ideas.

Social-Cognitive Perspective

A theoretical framework emphasizing the role of cognitive processes in understanding social behavior and how people process, store, and apply information about others and situations.

Conditioning

A method of altering behavior in which an individual learns to react appropriately to a formerly neutral trigger, now paired numerous times with a naturally occurring stimulus that provokes the intended response.

Imitating

The act of copying or mimicking the behaviors, actions, or characteristics of another individual.