Refer to Figure 2

question 49

Multiple Choice

Refer to Figure 2.3.At a price of $13 per CD,there would be:

• A) excess supply of 30 thousand CDs.
• B) excess demand of 10 thousand CDs.
• C) excess supply of 60 thousand CDs.
• D) excess demand of 60 thousand CDs.

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Definitions:

Prejudice

Preconceived opinion or judgment that is not based on reason or actual experience.

Discrimination

Unjust or prejudicial treatment of different categories of people, particularly on the grounds of race, age, or sex.

Robber's Cave Experiment

A social psychology experiment that demonstrated how conflict can be induced and reduced among groups through cooperation toward shared goals.

Us-Them Hostility

Refers to feelings of animosity or opposition towards an out-group, often stemming from strong in-group identification and perceived differences or threats.