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If demand is highly inelastic and supply shifts to the right, price:
Social Stratification
The division of society into different hierarchically arranged levels based on factors like wealth, power, race, or education.
Achieved Status
Attributes developed throughout life as a result of effort and skill (e.g., course grades).
Biological Superiority
A controversial concept suggesting that some races or species are inherently superior to others based on biological differences.
Social Class
A division of society based on social and economic status, affecting individuals' opportunities, behavior, and lifestyle.
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