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The Substitution Effect of a Change in the Price of Bananas

question 195

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The substitution effect of a change in the price of bananas refers to the way in which a change in the


Definitions:

Attitude-Behavior Inconsistency

The phenomenon where there is a discordance between what one professes to believe and how one actually behaves.

General Attitude

A broad, enduring evaluation of people, objects, advertisements, or issues.

Cognitive Dissonance

The psychological unease felt by someone harboring multiple conflicting beliefs, ideas, or values simultaneously.

Feeling of Arousal

A physiological and psychological state of being awake or reactive to stimuli, often associated with sexual desire.

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