The fact that consumers often react more to changes in the posted price of a good as compared to changes in the sales tax that is not posted is an example of
A) salience.
B) salinity.
C) stupidity.
D) rational ignorance.
Correct Answer:
Verified
Q99: Q120: Q121: If a consumer views the two goods Q122: A consumer is given the chance to Q123: Which of the following is an example Q125: Consider Jen,a consumer with preferences U(H,F)= F1/3H2/3,where Q126: The preferences for Californians can be represented Q127: Howie consumes only beer (B)and donuts (D)each Q128: Consider a consumer with the Cobb-Douglas utility Q129: Suppose Paul's utility depends on the amount![]()
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents