In the Figure Above,if Price DECREASES from $80 to $60,an

question 30

Multiple Choice

In the figure above,if price DECREASES from $80 to $60,an arrow representing the QUANTITY effect

• A)will point upward.
• B)will point downward.
• C)will be shorter than and in the opposite direction of)the arrow representing the price effect.
• D)will be shorter than and in the same direction of)the arrow representing the price effect.
• E)will point in the opposite direction in which total revenue will move.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.