Examlex
Participants in an experiment by Miho Toi and Daniel Batson (1982) listened to an (alleged) radio interview in which Carol,a student in their Introductory Psychology class,described an accident that caused her to fall behind in the course.Some participants were encouraged to empathize with her,while others were encouraged to listen objectively to the interview.Some participants in each of these two groups were led to believe that Carol would be returning to their psychology course,while others were led to believe that she would finish out the term at home,so they would never see her again.Toi and Batson found that when participants _______,their decision to help was guided by _______.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale, holding other factors constant.
Equilibrium Price
The market price at which the supply of an item equals the quantity demanded.
Equilibrium Quantity
The volume of goods or services that are both presented and required at the price where supply meets demand in a market.
Quantity Demanded
Refers to the total amount of a good or service that consumers are willing to purchase at a given price.
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