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When Preparing for Her Yard Sale,Betty Overinflated the Price of Her

Question 2

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When preparing for her yard sale,Betty overinflated the price of her favorite doll from childhood because she was so emotionally attached to it.A potential buyer offered a price that Betty thought was too low,but Betty said she would compromise and meet the potential buyer in the middle of their two offers.The potential buyer,who was a doll expert,told Betty the price was still too high based on its market value.Betty still thought the price she set was reasonable and that the potential buyer was trying to deceive her,and she would not lower her price.The price that Betty asked for the doll was influenced by:


A) Unrecoverable costs.
B) Framing
C) Selective attention
D) The endowment effect.

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