Think Back to the Example in the Textbook,when Kim Says

question 78

Multiple Choice

Think back to the example in the textbook,when Kim says that Art 391 is boring.Under which of the following conditions are we most likely to make a situational attribution that Art 391 is indeed boring?

• A) when consistency,distinctiveness,and consensus are all low
• B) when consistency,distinctiveness,and consensus are all high
• C) when consistency is high and distinctiveness and consensus are both low
• D) when consensus is high and distinctiveness and consistency are both low

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Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or resource.

Market Equilibrium

Market equilibrium is a condition where the quantity of a product supplied is equal to the quantity demanded, leading to a stable market price for the product.

Incidence of a Tax

The incidence of a tax refers to the distribution of the tax's economic burden among different stakeholders, such as consumers and producers.

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in price.