In General,price Controls Have A

question 50

Multiple Choice

In general,price controls have a:

• A) larger effect in the long run because demand and supply become more elastic over time.
• B) larger effect in the short run since demand and supply become more elastic over time.
• C) smaller effect in the long run since demand and supply become less elastic over time.
• D) smaller effect in the short run because demand and supply become less elastic over time.

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Definitions:

Social Scripts

Schemata or guidelines stored in the brain that dictate behavior in specific social situations, based on cultural expectations and norms.

Desensitization

This refers to the process by which individuals become less sensitive or react less intensely to repeated stimuli or emotional triggers.

Priming Aggressive Thoughts

A process by which exposure to certain stimuli can increase the likelihood of aggressive responses in individuals.

Mere Exposure Effect

The Mere Exposure Effect is a psychological phenomenon by which people tend to develop a preference for things merely because they are familiar with them.