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Experimental participants guessed answers to very difficult aptitude questions and were told they had done well.While they still felt lucky,they were given a choice of drugs to take before answering the remaining questions.Most chose to take the drug they believed would
Substitutes
Goods or services that can be used in place of one another; an increase in the price of one leads to an increase in demand for the other.
Related Goods
Products or services that are connected by consumer preferences or demand, such as substitutes and complements.
Price Decreases
Occurs when the cost of a good or service drops, often due to factors like increased supply, reduced demand, or competitive market pressures.
Substitutes
Goods or services that can be used in place of each other, where the increase in the price of one leads to an increase in demand for the other.
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