Another Name for the ________ Is the Just Noticeable Difference

question 167

Multiple Choice

Another name for the ________ is the just noticeable difference.

• A) just say when effect
• B) statoacoustic effect
• C) difference threshold
• D) signal detection error rate
• E) absolute threshold

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute one product for another.

Income Effect

The effect of modifications in earnings for a person or the economy on how much of a good or service is sought after.

Income Tax

A tax levied by governments on individuals or entities based on their income or profits.

Rebated Money

Funds that are returned to a payer, often as a discount or refund, after a purchase or payment has been made.