Price Gouging Laws Will Usually Result in ________ the Product

question 63

Multiple Choice

Price gouging laws will usually result in ________ the product in the distressed market.

• A) more supply of
• B) more local business start-ups to supply
• C) government setting up an agency to regulate supply of
• D) more Craigslist postings for
• E) more demand than supply of

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Definitions:

Lazarus Theory

The theory that a cognitive appraisal is the first step in an emotional response and all other aspects of an emotion, including physiological arousal, depend on it.

Emotional Response

A complex reaction pattern involving experiential, behavioral, and physiological elements, by which an individual attempts to deal with a personally significant matter or event.

Cognitive Aspect

Refers to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, and problem-solving.

Richard Lazarus

A psychologist who was a pioneer in the study of emotion and stress, especially in the context of cognitive appraisal.