Figure 7-1 -Refer to Figure 7-1.When the Price Rises from P₁ to Rises

question 232

Multiple Choice

Figure 7-1

-Refer to Figure 7-1.When the price rises from P₁ to P₂,consumer surplus

• A)increases by an amount equal to a.
• B)decreases by an amount equal to B + C.
• C)increases by an amount equal to B + C.
• D)decreases by an amount equal to C.

---

Definitions:

Contextual Factors

External conditions or environments that influence the outcomes of a process or situation, often beyond the control of individuals.

Empathy

The ability to understand and share the feelings of another person from their perspective.

Just-World Hypothesis

According to Lerner and Miller, people need to believe that the world is a just place where they get what they deserve. As evidence of undeserved suffering undermines this belief, people may conclude that victims deserve their fate.

Normative Influence

An influence to conform to the positive expectation of others, to gain social approval or to avoid social disapproval.