Exhibit 14-3

question 13

Multiple Choice

Exhibit 14-3.Consider the following sample regression equation ,where y is the demand for Product A (in 1000s) and x is the price of the product (in $) . Refer to Exhibit 14-3.If the price of Product A is $5,then we expect demand to be

• A)50
• B)500
• C)5,000
• D)50,000.

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Definitions:

Resocialization

Resocialization is the process by which individuals learn new norms, values, attitudes, and behaviors to adapt to a new social role or environment, often replacing previously held social scripts.

Adaptive Socialization

The process through which individuals learn and adjust their behavior to fit the norms and roles required for successful integration within their society or specific groups.

Anticipatory Socialization

A process through which people learn the values, behaviors, and norms of a social role or group they aspire to join in the future.

Self-fulfilling Prophecy

A belief or expectation that an individual or group holds, which influences their actions in a way that causes the belief to become a reality.