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In a study by Brewer and Treyens (1981) ,participants waited in an experimenter's office for the experiment to begin.After they left the room,they learned that the study was about their memory of that office.This study demonstrated that
Expensive
Describing something that requires a high cost or large amount of money to purchase or obtain.
Revealed Preference Theory
An economic theory proposing that individuals' preferences can be deduced from their purchasing habits and choices, rather than through their words or responses to surveys.
Debit Card
A payment card that deducts money directly from a consumer’s checking account to pay for a purchase.
Marginal Utility
The additional satisfaction or benefit gained from consuming one more unit of a good or service.
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