When Listening to Music on the Radio, Many Consumers Automatically

question 208

Multiple Choice

When listening to music on the radio, many consumers automatically switch stations when commercials begin to run, and they search until they find another station that is playing music. This tendency is an example of:

• A) Selective exposure.
• B) Selective perception.
• C) Selective retention.
• D) Selective learning.
• E) Selective reception.

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Definitions:

Domestic Price

The price of a good or service within a country's borders.

Domestic Consumption

The total amount of goods and services consumed within a country's borders.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.

Producer Surplus

The disparity between the minimum amount producers are prepared to take for a product or service and the higher amount they end up getting.