In the Article, It Was Stated That a Consumers Behavioral

question 7

Multiple Choice

In the article, it was stated that a consumers behavioral intentions don't always translate into corresponding behavior. Which of the following were reasons for the discrepancy?

• A) A consumer may be traveling with friends who have different attitudes and preferences.
• B) A hotels competitors may have a temporary price reduction in room rates.
• C) The most preferred hotel is not located in a specific area.
• D) All of the above
• E) Only b and c

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Definitions:

Required Reserve Ratio

The fraction of deposits that regulators require a bank to hold in reserve and not lend out.

Excess Reserves

The capital reserves held by a bank or financial institution in excess of what is required by regulators, central bank or other governing bodies.

Ten Principles of Economics

A foundational concept in economics that outlines the basic principles guiding economic decisions and behaviors, such as scarcity, cost, and efficiency.

Fed

The Federal Reserve System, the central banking system of the United States, which regulates the U.S. monetary and financial system.