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In an experiment, two groups were asked to drink the same brand of fruit juice. One group was simply asked politely to try the drink. The second group was tricked into drinking the juice. Suppose that, on average, the second group liked the juice more than the first. How could the theory of cognitive dissonance be used to explain these results?
Budget Line
A visual representation of all the different combinations of two products that can be bought within a certain budget and price range.
Indifference Curve
A chart illustrating various pairings of two products that deliver the same level of enjoyment and usefulness to a buyer.
Budget Line
A graphical representation of all possible combinations of two goods that an individual can afford given their income and the prices of the goods.
Indifference Curve
A graph that shows different combinations of two goods or services among which a consumer is indifferent, illustrating preferences and trade-offs.
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