A(n)__________ Bias Is the Tendency for a Person to Rate

question 80

Multiple Choice

A(n) __________ bias is the tendency for a person to rate physically attractive people as being more intelligent,competent,sociable,and sensitive than their less attractive counterparts.

• A) attractiveness
• B) first-impression
• C) primacy
• D) appearance

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Definitions:

Concept of Elasticity

An economic measure of the sensitivity of an economic variable, such as demand or supply, in response to a change in another variable, such as price.

Supply and Demand

Economic model of price determination in a market that concludes that the price of a good is determined by its availability (supply) and the desires of those with purchasing power (demand).

Broadly Defined Good

Broadly defined goods encompass a range of products or services that cater to a wide variety of needs and preferences in the market.

Available Substitutes

Alternative products or services that consumers can use in place of another product or service.