Although He Made a Promise to Himself to Not Take

question 27

Multiple Choice

Although he made a promise to himself to not take illegal drugs,Tom gave into peer pressure at a party to smoke marijuana because he did not want to be rejected by the others.Tom's conformity is a result of

• A)compliance.
• B)acceptance.
• C)normative influence.
• D)informational influence.

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Definitions:

Surpluses

Occurs when the quantity of a good or service supplied exceeds the quantity demanded at a specific price; the opposite of shortages.

Shortages

A situation in which the demand for a product or service exceeds the supply available at a particular price.

Quantity Supplied

Refers to the amount of a good or service that producers are willing and able to sell at a given price during a specific period.

Quantity Demanded

The amount of a good that buyers are willing and able to purchase at a specific price.