Nina Was Trying to Convince a Skeptical Friend That She

question 72

Multiple Choice

Nina was trying to convince a skeptical friend that she has ESP. "So how can you explain what happened yesterday when I knew it was Connor on the phone before I answered it?" she demanded. Nina's friend explained that we tend to remember coincidental events that seem to confirm our beliefs about unusual phenomena and to forget all the instances that do not. This tendency is called:

• A)the mere exposure effect.
• B)precognition.
• C)the law of Prägnanz.
• D)the fallacy of positive instances.

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Definitions:

Supply and Demand Curves

Graphical representations of the relationship between the prices and quantities of a good or service that suppliers are willing to offer and consumers are willing to purchase.

Equilibrium

A state in which demand and supply are balanced, often leading to a stable market condition.

Intersect

The point at which two or more lines, paths, or items meet or cross each other.

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product demanded, resulting in market stability.