Examlex
Suppose we observe a rise in the price of good A and a decrease in the quantity of good A bought and sold.Which one of the following is a likely explanation?
Functional Fixedness
A cognitive bias that limits a person to using an object only in the way it is traditionally used, hindering the ability to see alternative uses or solutions.
Insight
The capacity to gain an accurate and deep understanding of a person or situation.
Trial And Error
A method of problem-solving that involves testing various possibilities until a satisfactory solution is found.
Mental Set
A cognitive framework or mindset that influences how a person approaches and solves problems, often based on past experiences.
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