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Which of the Following Is a Set of Techniques That

question 143

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Which of the following is a set of techniques that are used to lead people to believe in the truth of what a psychic or medium is saying about them and relies on uncritical acceptance,the confirmation bias,and the Barnum effect?


Definitions:

Wedge

The difference between the demand price of the quantity transacted and the supply price of the quantity transacted for a good when the supply of the good is legally restricted. Often created by a quantity control, or quota.

Demand Price

The price of a given quantity at which consumers will demand that quantity.

Perfectly Inelastic

A market situation where the quantity demanded or supplied does not change in response to a change in price.

Deadweight Loss

The inefficiency caused in a market where all potential gains from trade are not realized due to factors like taxes or subsidies.

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