Unit Bias Refers to the Research Finding That People Tend

question 34

Multiple Choice

Unit bias refers to the research finding that people tend to

• A) eat more when a portion of food is supersized.
• B) avoid unfamiliar tasting foods.
• C) overeat during celebrations with other people.
• D) do all of these things.

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Definitions:

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in price.

Price Ceiling

A legally imposed maximum price on goods or services, intended to keep prices affordable for consumers.

Shortage/Surplus

A surplus is the opposite of a shortage, occurring when the supply of a product or service exceeds its demand in a market.

Price Floor

A government- or authority-imposed minimum price set above the equilibrium price, preventing the market price from falling below a certain level.