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Refer to the figure below. If the price of Good A is $2 and the price of Good B is $6, then the rational spending rule is satisfies when the consumer purchases ______ units of Good A and ______ units of Good B.
Participants' Expectations
The beliefs or assumptions held by individuals participating in a study or activity about what will happen, which can influence their behavior and the outcomes.
Experiments
A method of scientific investigation involving the manipulation of variables to test a hypothesis and observe the effects, often used to establish cause-and-effect relationships.
Representative
Someone or something that serves as a typical example of a group, class, or quality.
Experimenter Effects
Unintended influences that the experimenter's presence or actions may have on the results of an experiment.
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