Joey and Phillip Are High School Students in the Same

question 170

Multiple Choice

Joey and Phillip are high school students in the same class.Joey imitates Phillip's stammer in front of his friends and laughs.When none of his friends comment on his imitation,Joey assumes that they find Phillip's stammer funny as well.This scenario best exemplifies the _____ effect.

• A)false consensus
• B)bystander
• C)group polarization
• D)mere exposure

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Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, typically used to control costs for essential items like food and rent.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, representing a state of market balance.

Shortage

A situation where demand exceeds supply, resulting in insufficient availability of a product or service.

Permanent Shortage

A sustained situation where the demand for a good or service persistently exceeds its supply, often due to fixed or limited quantities.