Harry Has Always Strongly Believed That It Is Wrong to Shoplift

question 70

Multiple Choice

Harry has always strongly believed that it is wrong to shoplift. But after he himself shoplifts some inexpensive jewellery, his attitude toward shoplifting becomes less harsh. Which theory best accounts for this attitude shift?

• A) role-playing theory
• B) self-monitoring theory
• C) self-perception theory
• D) cognitive dissonance theory

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Definitions:

Long-Run Equilibrium

A state in which all factors of production and economic variables are in balance, with no external pressures forcing change.

Demand Decreases

A situation where the quantity of a product or service that consumers are willing to buy at a given price drops, often due to changes in preferences, income, or substitutes.

Industry Exit

The process or act of businesses leaving a particular market or industry, often due to unfavorable conditions or better opportunities elsewhere.

Long-Run Equilibrium

A state in a market where all factors of production are fully utilized, leading to a situation where supply equals demand, with no external pressures to change.