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The average quantity of sculptures that consumers will demand can be modeled as and the average quantity that producers will supply can be modeled as
where the market price is p hundred dollars per sculpture. Determine the total social gain when sculptures are sold at the equilibrium price. Round your answer to the nearest dollar.
Inoculation Effect
A psychological technique that aims to make individuals resistant to attempts to change their attitudes by first exposing them to small arguments against their position.
Coercive Techniques
Methods used to compel or force someone to act in a certain way through pressure or threats.
Confessions
The act of admitting involvement in a crime or wrongdoing, often discussed in legal and psychological contexts.
Mere-exposure Effect
A mental effect in which individuals grow fond of something simply because it is known to them.
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