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Confirmation Bias Occurs When People Refuse to Give Credit to Information

question 87

Multiple Choice

Confirmation bias occurs when people refuse to give credit to information that:


Definitions:

Supply Price

The price of a given quantity at which producers will supply that quantity.

Quota Limit

The total amount of a good under a quota or quantity control that can be legally transacted.

Demand Price

The price at which consumers are willing to buy a specific quantity of a good or service.

Market Price

The present cost for purchasing or selling an asset or service.

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