Figure 4-26 
-Refer to Figure 4-26.Which of the following movements would illustrate the effect in the market for convertible automobiles of an increase in the price of steel?
Definitions:
Social Identity Theory
A theory that explains how individuals categorize themselves and others into various social groups, leading to a sense of identity based on group membership.
Realistic Conflict Theory
A social psychological model that explains intergroup conflicts, hostility, and aggression as a result of competition over resources or status.
Self-Serving Bias
A common cognitive bias that leads individuals to attribute their successes to internal factors while blaming external factors for their failures, thus preserving their self-esteem.
Overgeneralized Belief
A cognitive bias where an individual applies a general rule too broadly, assuming that it applies in far more situations than it actually does.
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