In the Following Question You Are Asked to Determine,other Things

question 169

Multiple Choice

In the following question you are asked to determine,other things equal,the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for,or supply (S) of,X; (2) the equilibrium price (P) of X;and (3) the equilibrium quantity (Q) of X. Refer to the given information.An improvement in the technology used to produce X will:

• A) decrease S,increase P,and decrease Q.
• B) decrease S,increase P,and increase Q.
• C) increase S,decrease P,and increase Q.
• D) decrease D,decrease P,and decrease Q.

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Definitions:

Intergroup Contact

The interaction between members of different social, ethnic, or cultural groups, which can reduce prejudice and improve intergroup relations.

Institutional Support

The assistance and resources provided by organizations or institutions, especially in educational, social, or professional settings, to facilitate goals or well-being.

Social Identity Theory

A theory positing that individuals define themselves in terms of group memberships and these group identifications influence behavior and attitudes.

Normative Influence

In groups, a form of influence that occurs when a member conforms to group norms in order to receive the rewards or avoid the punishments that are contingent on adherence to these norms.