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Beth and Jean are talking about welfare reform in America. Beth is very passionate about the issue, and makes strong statements about her views. Jean later e-mails Beth an article which contains some information that is consistent with Beth's views, as well as some information that is inconsistent with Beth's views. Beth chooses to believe the consistent information but discounts the inconsistent information. As a matter of fact, after reading the article and thinking about the data it contained-even though these data were mixed-Beth actually feels even more passionate and more strongly about her position. This is an example of ____.
Shortage
A market condition where the demand for a good exceeds its supply at a specific price, often leading to price increases.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price in a given time period.
Shortage
A situation where the demand for a product exceeds its supply in the market.
Quantity Demanded
The entire quantity of a product or service that buyers are prepared and capable of buying at a certain price within a defined timeframe.
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