Multiple Choice
Anne and Jim participated in an experiment about the willingness to pay for a set of head phones. Jim is suggested a price of and Anne is suggested a price of . The experimenters conclude that both Anne and Jim use the anchoring and adjustment heuristic to arrive at a final willingness to pay. What are possible values of their willingness to pay:
A) Anne: . Jim: .
B) Anne: . Jim: .
C) Anne: . Jim: .
D) Anne: \$25. Jim: \$15.
Correct Answer:

Verified
Correct Answer:
Verified
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