The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 52

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S.and Canada at different prices. Table 20.5

- According to Table 20.5,the international equilibrium price of computers is:

• A)$2,000.
• B)$1,600.
• C)$1,800.
• D)$1,400.
• E)$1,200.

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Definitions:

Reactance

A stimulating response to proposals, individuals, regulations, or norms that challenge or remove certain freedoms of behavior.

Cognitive Dissonance

The psychological discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Social Comparison

The process by which individuals evaluate their own abilities, achievements, and emotional states in relation to others.

Opponent Processes

A theory suggesting that emotions are regulated by mechanisms that operate in opposition to each other, helping to explain emotional contrasts.