Psychologists Sometimes Prefer to Make Observations in a Laboratory Setting

question 141

Multiple Choice

Psychologists sometimes prefer to make observations in a laboratory setting rather than a naturalistic setting because:

• A) subjects take their participation seriously in a professional environment.
• B) it is too time-consuming to have to drive from place to place to observe subjects.
• C) a lab allows the researchers to have more control over the situation.
• D) laboratory observation results generalize to everyday life.

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Definitions:

Market Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that all consumers in the market are willing to purchase at each price point.

Individuals' Demands

A reference to the total quantity of a good or service that an individual consumer is willing and able to purchase at various prices.

Consumer Surplus

The economic benefit derived by consumers from being able to purchase a product for a price that is less than the maximum price they are willing to pay.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.