Use the table below to answer the following questions.
Table 3.5.1
The Market for Car-Seat Heaters
-Refer to Table 3.5.1. Suppose the cost of production rises, causing supply to decrease by 100 units at each price. The new equilibrium price is $________ and equilibrium quantity is ________ units.
Definitions:
Control Theory
A theory in sociology and criminology that explains individual compliance with social norms and laws through the presence of strong bonds with society that encourage self-control.
Deviant Behaviour
Actions or behaviors that violate societal norms or expectations, often drawing social condemnation or corrective measures.
Cultural Goals
Societal norms and values that dictate the aspirations and desirable achievements for its members, influencing behavior and social structure.
Social Reality
The experiences, beliefs, and values that humans share and use to define social phenomena and construct their understanding of the world.
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