A house was for sale for 9 months with no offers at $350,000.It was taken off the market, and relisted 1 month later at $399,500 and sold in 2 weeks.Which of the following behavioral economic concepts could explain this scenario?
A) Hyperbolic discounting of housing values
B) Time inconsistency of preferences
C) Spurious information
D) Framing effects
E) Fairness norms
Correct Answer:
Verified
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