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If both income and substitution effects are strong, this region of the demand curve must be:
Confirmation Biases
A natural tendency to look for, make sense of, value, and keep in mind details that confirm one's established beliefs or speculations.
Fundamental Attribution Error
The tendency for observers to underestimate situational influences and overestimate dispositional traits when explaining others' behaviors.
Actor-Observer Bias
A tendency to attribute one's own actions to external causes while attributing others' actions to their internal characteristics.
Illusory Correlation
The perception of a relationship between two variables when no such relationship actually exists.
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