Compared with the Explanations We Give for the Actions of Strangers

question 32

Multiple Choice

Compared with the explanations we give for the actions of strangers, our explanations for our own behavior are more likely to refer to

• A) stereotypes.
• B) superordinate goals.
• C) situational influences.
• D) mirror-image perceptions.

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Definitions:

Price Inelastic

Describes a situation where the demand for a product does not significantly change with a change in its price.

Gasoline Demand

The total quantity of gasoline that consumers are willing and able to purchase at various prices, within a given time period.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity of the good supplied.

Elastic Supply

A situation where the quantity supplied of a good or service changes significantly in response to changes in price.