Use the table below to answer the following questions.
Table 3.5.1
The Market for Car-Seat Heaters
-Refer to Table 3.5.1.Suppose the cost of production rises and supply decreases by 100 units at each price.The new equilibrium price is $________ and equilibrium quantity is ________ units.
Definitions:
Significantly Reduced
A phrase typically used in research to indicate a notable decrease in the magnitude or quantity of a measured variable.
Not Affected
Remaining unchanged or undisturbed by external influences or events.
Deindividuation
A psychological state where an individual loses their self-awareness and sense of individuality, often leading to disinhibited and impulsive behavior, usually in group settings.
Detached Responsibility
A psychological state where an individual feels separated from the consequences of their actions, often reducing moral accountability.
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