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When quantity demanded in a market equals quantity supplied, then the
Socially Desirable
Pertains to behaviors or responses that are seen as favorable by society and are thus more likely to be expressed by individuals.
Social Desirability Bias
The tendency of survey respondents to answer questions in a manner that will be viewed favorably by others.
Socially Approved
Regarded or accepted by society as being correct, appropriate, or beneficial.
Selfish Manner
Acting with concern for one's own welfare or advantage at the expense of or without regard for others.
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Q312: (Figure: Determining Surplus 4) In the graph,
Q323: (Figure: PPF of Econia (a small nation))