Hamid Et Al

question 31

Multiple Choice

Hamid et al. (2010) had participants navigate a maze while recording their eye movements. The maze contained landmarks on the walls at corners and at other positions that would not aid maze navigation. After participants learned the maze, the researchers removed half of the landmarks. The results of this study revealed that

• A) performance decreased when landmarks were removed that had been viewed longer.
• B) participants did not notice that the landmarks were missing and their performance was unaffected.
• C) participants had been relying on all landmarks to navigate.
• D) performance increased when non-informative landmarks were removded.

---

Definitions:

Inferior Good

A type of good whose demand decreases when consumers' incomes increase, opposite to normal goods.

Price Elasticity of Demand

A metric that demonstrates the degree to which the demand for a product changes when there is a fluctuation in its price.

Midpoint Formula

A method used in economics and finance to estimate the elasticity of demand by calculating the average percentage change in both quantity demanded and price.

Price Elasticity of Demand

The degree to which the demand for an item is affected by shifts in its price, calculated as the percentage difference in demand over the percentage difference in price.