Overestimating the Extent to Which Others Notice and Evaluate Our

question 255

Multiple Choice

Overestimating the extent to which others notice and evaluate our appearance and performance is called

• A) the Barnum effect.
• B) self-serving bias.
• C) the spotlight effect.
• D) a fixation.

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Definitions:

Equilibrium Quantity

The quantity of goods or services at which supply equals demand in a market, leading to a stable price.

Demand Shifts

Changes in the consumer demand for a product or service, often caused by factors like changes in income, preferences, prices of related goods, and population demographics.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price level, holding all other factors constant.

Economy Moves

Economic activities or shifts that influence the overall growth, stability, or direction of an economy.