For a given decrease in supply, the condition of demand that will result in no change in quantity is when demand is

A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule:

Refer to the above table. Which of the following output-combinations is unattainable:

A. 1 steel and 80 wheat
B. 4 steel and 55 wheat
C. 30 wheat and 3 steel
D. 95 wheat and 0 steel

Behavioral economists suggest that brand-loyalty, which can be a source of monopoly power for the producer, may be explained by consumers' tendency to have the:

A. Anchoring effect B. Mental accounting effect C. Status quo bias D. Confirmation bias