Multiple Choice
The reason why so many price tags end in 95 or 99 is based on the understanding that consumers tend to overemphasize:
A) the first digit of prices.
B) the last two digits of prices.
C) the attractiveness of prices stated in cents.
D) the savings associated with even one cent.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: To estimate the expected return on equity
Q21: In the basic model of consumer behavior,<br>A)
Q22: After learning about behavioral economics, it is
Q23: Which of the following best describe an
Q24: Overconfidence leads an investor to:<br>A) invest too
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 19.5.1 -Refer
Q27: A common bias in consumer decision making
Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 19.5.2 -Refer
Q29: In the ultimatum game, the basic theory
Q30: A reference point refers to:<br>A) a point