Which of the following situations best demonstrates the anchoring effect?
A) Stacy is trying to sell the house she purchased several years ago, but she refuses any offer that is less than 120 percent of the price she originally paid.
B) Johann spends more on a new computer than he planned to because he selected his desired model online and then decided to add a number of features.
C) Marcia declines to purchase auto insurance beyond the legally required minimum because she has never been involved in a car accident.
D) Ronald feels that he got a terrific bargain on his new car by paying 20 percent less than the listed manufacturer's suggested retail price.

Question

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The Answer of Which of the following situations best demonstrates the anchoring effect?
A) Stacy is trying to sell the house she purchased several years ago, but she refuses any offer that is less than 120 percent of the price she originally paid.
B) Johann spends more on a new computer than he planned to because he selected his desired model online and then decided to add a number of features.
C) Marcia declines to purchase auto insurance beyond the legally required minimum because she has never been involved in a car accident.
D) Ronald feels that he got a terrific bargain on his new car by paying 20 percent less than the listed manufacturer's suggested retail price.

Which of the Following Situations Best Demonstrates the Anchoring Effect