The Fact That Consumers Often React More to Changes in the Posted

question 63

Multiple Choice

The fact that consumers often react more to changes in the posted price of a good as compared to changes in the sales tax that is not posted is an example of

• A)salience.
• B)salinity.
• C)stupidity.
• D)rational ignorance.

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Definitions:

Telos

In philosophy, a term used to refer to the ultimate aim or purpose of something.

Teleological View

A philosophical perspective that interprets phenomena in terms of the purpose or goal they serve rather than the cause by which they arise.

World

The totality of entities, the whole of reality, or a particular realm of human experience or observation.

Metaphysical Viewpoint

A perspective that deals with questions of existence, reality, and the nature of the universe beyond the physical or empirical.