(Figure: Interpreting Supply Shifts 3) When the supply shifts from S0 to S1 (a leftward shift of the supply curve) , the equilibrium price changes from: 
Definitions:
Normative Social Influence
How others impact us, driving us to adapt our behaviors to achieve their liking and acceptance.
Honor Student
A student recognized for achieving high grades or excellence in their academic performance.
Dummy Down
The process of simplifying a subject or matter so that it can be understood by individuals with no prior knowledge or expertise.
Deindividuation
A psychological state in which an individual loses self-awareness and self-restraint, often in group situations, leading to atypical behavior.
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