Examlex

Solved

What Was the Major Finding in Cialdini's (1978) Classic Study

question 50

Multiple Choice

What was the major finding in Cialdini's (1978) classic study on the lowballing technique?


Definitions:

Equilibrium Price

The rate at which the volume of goods available meets the volume of goods sought.

Surpluses

The amount by which supply exceeds demand, often referring to goods, services or public finances.

Shortages

A situation where the demand for a product or service exceeds the supply available at a specific price.

Price Floor

A government- or authority-imposed minimum price set above the equilibrium price, preventing sellers from trading at lower prices.

Related Questions