Suppose that at prices of $5, $4, $3, $2, and $1 for product Z, the corresponding quantities supplied are 7, 6, 5,4,3 units, res
Alchen [17]
Answer:
A)Improved technology for producing Z.
Explanation:
- which means automation of production, so when you will have mass production at low cost it will definitely result in a decrease of product cost.
- This shall consequently lead to an increase of the quantities of product Z produced because, the extra capital that comes from saving on the production costs shall be used to produce more goods.
- Since production shall have not cost any extra capital, the price shall remain constant.
Hating one thing but pretend to like them to fit in is an example of <u>normative social influence.</u>
What more about this social influence or societal impact should you be aware of? Here:
- It is a form of social influence that encourages compliance.
- Because they do not want to appear silly or left out, they are adjusting to fit in with the group.
- However, any change in behavior is only transient; it does not affect the person's hidden views.
- The group becomes more stable when the majority of its members adhere to social rules, which helps to create social cohesion.
- Normative social influence frequently affects things like binge watching reality shows, fashion, music preference, reposting internet memes, and sharing filtered content on social media.
Learn more about informational social influence vs. normative social influence: brainly.com/question/10524203
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