Examlex
Researchers had participants memorize a number of words before reading an ambiguous passage about a character named Donald. The words participants read influenced how they interpreted Donald's somewhat ambiguous behavior. The take-home message of this study is that thoughts have to be __________ before they affect our impressions of the social world.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in no shortage or surplus.
Equilibrium Quantity
The quantity of goods or services sold and bought at the equilibrium price, where market supply equals market demand.
Demand Rises
A situation where the quantity of a good or service that consumers are willing and able to buy increases.
Demand Curve
A visual chart that illustrates how the demand quantity of a product or service correlates with its price over a specific time frame.
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