The "Primacy Effect" Refers to the Fact That __________

question 163

Multiple Choice

The "primacy effect" refers to the fact that __________.

• A) the most important items in a list are more likely to be remembered than less important items
• B) the first-presented items in a list are more likely to be remembered than items in the middle of the list
• C) the items presented most recently in a list are more likely to be remembered than items presented earlier
• D) those items in a list that have the greatest emotional impact are those with the greatest likelihood of recall

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Definitions:

Supply

The total amount of a good or service available for purchase by consumers at a given price level and time.

Equilibrium Quantity

The quantity of a good or service at which the quantity demanded equals the quantity supplied at the market price.

Demand

The consumer's desire and willingness to pay for a product or service at a specific price.

Supply

The total amount of a good or service that is available for purchase at any given price point.