A Decrease in the Demand for Soft Drinks Due to Changes

question 92

Multiple Choice

A decrease in the demand for soft drinks due to changes in consumer tastes, accompanied by an increase in the supply of soft drinks as a result of reductions in input prices, will result in

• A)a decrease in the equilibrium quantity of soft drinks and no change in the equilibrium price.
• B)a decrease in the equilibrium price of soft drinks and no change in the equilibrium quantity.
• C)a decrease in the equilibrium price of soft drinks; the equilibrium quantity may increase or decrease.
• D)an increase in the equilibrium quantity of soft drinks; the equilibrium price may increase or decrease.

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Definitions:

Humanistic Theory

A psychological approach that emphasizes personal growth, self-actualization, and the intrinsic worth of individuals.

Psychological Distress

A general term used to describe unpleasant feelings or emotions that impact your level of functioning and well-being.

Narcissism

A personality trait characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, coupled with a lack of empathy for others.

Threatened Self-Concept

A state in which an individual's perception of themselves is challenged, potentially leading to stress or changes in behavior.