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    Exam 8: Utility and Demand
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    According to a Behavioral Economist, People Who Are Unwilling to Sell
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According to a Behavioral Economist, People Who Are Unwilling to Sell

Question 327

Question 327

Multiple Choice

According to a behavioral economist, people who are unwilling to sell the last pound of rice they purchased for the same price that they paid for it are displaying


A) the endowment effect.
B) bounded rationality.
C) bounded self-interest.
D) bounded will power.

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