What Does Cognitive Dissonance State

question 33

Multiple Choice

What does cognitive dissonance state?

• A) The individual often has doubts and second thoughts about the choice made.
• B) Individual consumers use limited decision making to reduce their anxiety levels.
• C) Consumers usually buy products based on emotion.
• D) Marketers can sell more products by increasing choices available to consumers.

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Definitions:

Excise Tax

A tax on sales of a good or service.

Producers

Individuals or businesses that create and supply goods or services in the economy.

Tax Rate

The amount of tax people are required to pay per unit of whatever is being taxed.

Excise Tax

A tax levied on specific goods, services, or transactions, such as tobacco, alcohol, and fuel, usually to discourage consumption or raise government revenue.