When the Sound of the Word Is the Aspect That

question 71

Multiple Choice

When the sound of the word is the aspect that cannot be retrieved, leaving only the feeling of knowing the word without the ability to pronounce it, this is known as ________.

• A) encoding failure
• B) extinction of acoustic storage
• C) auditory decay
• D) the tip-of-the-tongue phenomenon

---

Definitions:

Market Price

The current price at which an asset or service can be bought or sold in the open market.

Price Discrimination

A pricing strategy where identical or substantially similar products or services are sold at different prices by the same provider in different markets.

Senior Citizen Discounts

Price reductions or special offers given to elderly consumers, typically those aged 65 and older, as a form of financial relief or incentive.

Economic Profits

The surplus left after deducting all costs, including opportunity costs, from a firm's total revenues, indicating the efficiency of resource allocation.