Examlex
How do prevailing status beliefs make individuals more, or less, susceptible to social influence? Compare research on social influence conducted by sociological social psychologists to research on social influence conducted by psychological social psychologists.
Excess Demand
When the quantity demanded of a good exceeds the quantity supplied.
Utilities Possibilities Frontier
A graphical representation that shows the maximum amount of two different utilities that can be achieved with a given set of resources.
Unattainable
Refers to goals, objectives, or levels of production that cannot be achieved with the current availability of resources or technology.
Utilities Possibilities Frontier
A graphical representation showing the maximum levels of utility that two individuals or more can achieve given a fixed set of resources.
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