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According to the graph shown,if the market goes from equilibrium to having its price set at $10:
Escalation of Commitment
Describes a pattern of behavior in which individuals continue to invest time, money, or effort into a decision or action despite evidence of its failure, often due to a desire to justify prior commitments.
Splitting Responsibility
Dividing duties, tasks, or obligations among individuals or groups to ensure accountability and efficiency in achieving objectives.
Cognitive Dissonance
A psychological state characterized by experiencing conflicting thoughts, beliefs, or attitudes, especially relating to behavioral decisions and attitude change.
Z Problem-Solving Model
An approach to problem-solving that integrates both analytical and intuitive strategies, often represented in four stages resembling the letter "Z".
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