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    Principles of Economics Study Set 1
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    Exam 10: An Introduction to Behavioral Economics
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    When People Use Anchoring and Adjustment to Estimate Something, the Adjustment
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When People Use Anchoring and Adjustment to Estimate Something, the Adjustment

Question 10

Question 10

Multiple Choice

When people use anchoring and adjustment to estimate something, the adjustment they make when they receive new information is typically:


A) in the wrong direction.
B) highly accurate.
C) too large.
D) too small.

Correct Answer:

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