What Is It Called When People Change Their Behavior Because

question 129

Multiple Choice

What is it called when people change their behavior because they are being observed

• A) reactivity
• B) social desirability bias
• C) operationalization
• D) participant observation

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Definitions:

Welfare Loss

The decrease in social welfare, usually measured as the loss of consumer and producer surplus, resulting from inefficient market conditions or government policies.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they do pay.

Net Social Gain

The overall benefit to society from an economic transaction or policy, taking into account both benefits and costs.

Monopoly

A monopoly is a market structure where a single firm has exclusive control over the market supply of a product or service, often leading to higher prices for consumers.