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The self-regulation model of prejudice predicts that control of prejudice can become automatic over time. Describe evidence that supports this prediction.
Price Elasticity
The measure of how much the quantity demanded of a good or service changes in response to a change in its price.
Demand
Pertains to the amount of a good or service that buyers are prepared and capable of buying at different price levels over a specified time frame.
Price Discrimination
The strategy of selling the same product at different prices to different customers, based on willingness to pay, without corresponding cost differences.
Price Discrimination Strategy
A pricing strategy where a company sells the same product to different buyers at different prices, based on what the seller believes each customer is willing to pay.
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