Andre Is Trying to Determine the Best Way to Get

question 213

Multiple Choice

Andre is trying to determine the best way to get to his house after work, because his usual route has been blocked by emergency vehicles due to a car accident. He can't "see" a different route, so instead he imagines how he would drive to work from home if he had to take a different route. Andre is using the ________ heuristic.

• A) working backward
• B) representativeness
• C) availability
• D) subgoaling

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Definitions:

Income Elasticity of Demand

Indicates how the quantity demanded of a good changes in response to a change in consumers' income.

Monthly Income

The total amount of earnings received every month from work, investments, benefits, and other sources.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, opposite to normal goods where demand increases with rising income.

Product X

A placeholder term for an unspecified or hypothetical product used in discussions or analyses.