Multiple Choice
The fact that consumers often react more to changes in the posted price of a good as compared to changes in the sales tax that is not posted is an example of
A) salience.
B) salinity.
C) stupidity.
D) rational ignorance.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q23: Clifford lives by the motto "Eat drink
Q28: Betty consumes good x and good y.If
Q35: The marginal rate of transformation of y
Q39: Joe's income is $500,the price of food
Q65: Which of the following utility functions has
Q66: Ed has the utility function U(F,M)= <img
Q88: By selecting a bundle where MRS =
Q94: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -Max has allocated
Q107: If the price of one good increases
Q122: Explain why most indifference curves are convex.