In Order to Have an Impact,a ________ Must Be Set

question 98

Multiple Choice

In order to have an impact,a ________ must be set below the equilibrium price,and when this occurs,________.

• A) price ceiling; consumer surplus increases
• B) price floor; consumer surplus decreases
• C) price ceiling; producer surplus decreases
• D) price support; total revenue increases
• E) price support; consumer surplus increases

Understand the importance of internal and external validity in experiments.

Appreciate that social psychology investigates how people are impacted by others.

Understand the fundamental processes of testing a scientific hypothesis in psychology.

Grasp the concept of independent and dependent variables in experimental design.