Which of the Following Examples Best Illustrates the Principle of Sensory

question 9

Multiple Choice

Which of the following examples best illustrates the principle of sensory adaptation?

• A) the shock felt by a swimmer who jumps into a pool of ice cold water
• B) your awareness of the weight of your backpack when you first pick it up
• C) the irritation felt when your roommate turns on your bedroom light at 3
• D) your eventual failure to notice the background music at a restaurant
• E) A and B are

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Definitions:

Cartel

A group of independent market participants who collude to increase prices and limit output in order to maximize their collective profits.

Marginal Cost

The hike in cost resulting from the creation of one more unit of a product or service.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often leading to higher prices and restricted supply.

Marginal Cost

The hike in overall financial outlay due to producing an extra unit of a product or service.