Hammers Are Used for Pounding Things, Which Is Why Many

question 13

Multiple Choice

Hammers are used for pounding things, which is why many people don't realize that hammers make perfectly good doorstops. This lack of creative insight is an example of:

• A)blindsight.
• B)availability bias.
• C)semantic interference.
• D)functional fixedness.

Comprehend the effect of surge pricing on market dynamics.

Identify and explain determinants of market demand and supply.

Explain the difference between a change in supply (or demand) and a change in the quantity supplied (or demanded).

Understand the rationing function of prices in a market.