Optimistic Decision Makers Tend to

question 28

Multiple Choice

Optimistic decision makers tend to

• A)magnify favorable outcomes.
• B)ignore bad outcomes.
• C)discount favorable outcomes.
• D)A and B
• E)B and C

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Definitions:

Consumption

The act of using goods and services for personal needs or wants.

Demand Curve

A graphical representation showing the relationship between the price of a good and the amount of it that consumers are willing to purchase at various prices.

Quantity Demanded

The total amount of a good or service consumers are willing and able to purchase at a given price in a specified period.

Demand Curve

Is a graphical representation showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at various prices.