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Which of the following is correct?
i.A surplus puts downward pressure on the price of a good.
ii.A shortage puts upward pressure on the price of a good.
iii.There is no surplus or shortage at equilibrium.
Naturalistic Observation
A research method involving the systematic study of behavior in its natural context, without intervention by the observer.
Objective Data
Information that is measurable, observable, and can be verified by another person, independent of the individual who is observing or measuring it.
Applied Research
Focuses on practical application of scientific knowledge to solve real-world problems.
Social Psychology
The subfield that attempts to explain how the actual, imagined, or implied presence of others influences the thoughts, feelings, and behavior of individuals.
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