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In 1968,Darley and Latane conducted a study where they exposed participants to a clear emergency in which they heard the sounds of another student having an epileptic seizure.They found that participants who were alone were faster to report the emergency than those who believed others were present.The failure to help in this situation can be attributed to:
Demand Function
A mathematical representation showing the relationship between product demand and various factors like price, income, and preferences.
Supply Function
A relation that shows the quantity of a good or service that producers are willing and able to sell at each possible price, holding all other factors constant.
Equilibrium Quantity
The quantity of a good or service at which supply equals demand, and the market is in balance, without any excess supply or shortage.
Perfectly Elastic
A situation in economics where the quantity demanded or supplied changes infinitely in response to any change in price.
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