Exhibit 14-4

question 107

Multiple Choice

Exhibit 14-4.Consider the following sample regression equation ,where y is the supply for Product A (in 1000s) and x is the price of Product A (in $) . Refer to Exhibit 14-4.The slope coefficient indicates that if

• A)the price of Product A increases by $1,then on average,supply decreases by 10.
• B)the price of Product A increases by $1,then on average,supply increases by 10.
• C)the price of Product A increases by $1,then on average,supply decreases by 10,000.
• D)the price of Product A increases by $1,then on average,supply increases by 10,000.

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Definitions:

Stanley Milgram

A psychologist known for his work on obedience to authority, demonstrating that people are willing to obey authority figures even when it involves harming others.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, pressures, or expectations.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.

Contradictory Opinion

A viewpoint that explicitly opposes or differs significantly from another, often leading to debate or discussion.