-Refer to Exhibit 3-4

question 81

Multiple Choice

-Refer to Exhibit 3-4.A price of $4 in the market will result in a

• A) shortage of 10 units.
• B) surplus of 10 units.
• C) surplus of 5 units.
• D) shortage of 5 units.
• E) none of the above

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Definitions:

Stereotype

A fixed, oversimplified image or idea of a particular type of person or thing.

Cognitive Boxes

Mental frameworks and categories that individuals use to organize and interpret information, influencing perceptions and decision-making.

Prejudices

Preconceived opinions that are not based on reason or actual experience, often leading to unfair treatment or discrimination.

Scapegoating

The practice of singling out any party for unmerited negative treatment or blame as a way of distracting attention from the real causes of a problem.