Joe Joins in an Angry Mob That Begins Looting Local

question 151

Multiple Choice

Joe joins in an angry mob that begins looting local stores. When he is caught and arrested, he claims that he thought it was okay since everyone else was doing it. His excuse sounds most like ______.

• A) social contagion
• B) risky shift
• C) the phi phenomenon
• D) diffusion of responsibility

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Definitions:

Price Inelastic

A situation in which the demand for a product does not change significantly in response to a change in its price.

Quantity Demanded

The total amount of a product that consumers are willing and able to purchase at a specific price in a given time period.

Electricity

A form of energy resulting from the existence of charged particles, commonly used for power and lighting.

Quantity Demanded

represents the total amount of a product or service consumers are willing and able to purchase at a given price level, within a specific time period.