Many Tout That the Internet Has Lowered Consumers' Search Costs

question 96

Multiple Choice

Many tout that the Internet has lowered consumers' search costs.If this is true,ceteris parabis,the consumer reservation price should:

• A) be higher.
• B) be lower.
• C) remain the same.
• D) There is insufficient information to determine the impact of lower search costs on reservation prices.

---

Definitions:

Teacher Expectancy Effect

The impact that a teacher's expectations about a student's performance can have on the student's actual achievements.

Self-fulfilling Prophecy

A belief or expectation that influences one's behavior in such a way that it causes the belief to come true.

Stereotype Threat

The anxiety or concern individuals may experience when they feel they are at risk of confirming negative stereotypes about their social group.

Affordable Health Care

Accessible and reasonably priced medical services and treatments for individuals and communities.