Table 4-1 -Refer to the Table 4-1

question 179

Multiple Choice

Table 4-1
$$\begin{array} { l | l | l } \hline \text { PRICE } & \text { QUANTITY DEMANDED } & \text { QUANTITY SUPPLIED } \\\hline \$ 10 & 10 & 60 \\\hline \$ 8 & 20 & 45 \\\hline \$ 6 & 30 & 30 \\\hline \$ 4 & 40 & 15 \\\hline \$ 2 & 50 & 0\end{array}$$
-Refer to the Table 4-1.If the price were $8,what would happen?

• A)A surplus of 50 units would exist and the price would tend to fall.
• B)A surplus of 10 units would exist and the price would tend to fall.
• C)A surplus of 25 units would exist and the price would tend to fall.
• D)A shortage of 25 units would exist and the price would tend to rise.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.