The Tendency of People to Remember Words at the Beginning

question 480

Multiple Choice

The tendency of people to remember words at the beginning and end of a list better than words presented in the middle of the list is called the _____________________.

• A)primacy effect
• B)serial position effect
• C)state-dependent memory
• D)recency effect

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Definitions:

Equilibrium Price

The price at which the quantity of a good demanded by consumers balances the quantity supplied by producers, resulting in a stable market condition.

Suppliers

Businesses or individuals that provide goods or services to another entity, often in exchange for monetary compensation.

Surpluses

Occurs when the quantity supplied of a product exceeds the quantity demanded, often leading to a drop in prices.

Price Up

An increase in the cost of goods or services in the market.