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-The figure above shows Clara's demand for CDs. If the price for a CD is $15, then Clara
Illusory Correlation
A cognitive bias where a relationship between two variables is perceived despite no such association existing.
False Cause
Refers to a logical fallacy where it is assumed that because one event follows another, the first event caused the second.
Appeal to Ignorance
A logical fallacy that occurs when one argues that a proposition must be true because it has not been proven false or vice versa.
Non Sequitur
A statement that does not logically follow from the previous argument or statement.
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