The Belief That One Should Not Change an Answer on a Test

question 96

Multiple Choice

The belief that one should not change an answer on a test, even if additional consideration has led one to believe another answer might be the correct one, is called the ____.

• A)false consensus effect
• B)magical thinking
• C)contamination
• D)first instinct fallacy

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Definitions:

Coefficient

A numerical or constant value that multiplies a variable in a mathematical expression, often used in equations to represent the relationship between variables.

Price Elasticity of Demand

An indicator of the sensitivity of the demand for an item to adjustments in its pricing.

Perfectly Inelastic Demand

Product or resource demand in which price can be of any amount at a particular quantity of the product or resource that is demanded; when the quantity demanded does not respond to a change in price; graphs as a vertical demand curve.

Perfectly Elastic Demand

Product or resource demand in which quantity demanded can be of any amount at a particular product or resource price; graphs as a horizontal demand curve.