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Question
Trevor has been purchasing Fruity Pebbles brand cereal each week for the past two years, even though a different brand, such as Captain Crunch or Rice Krispies, would in all likelihood bring him more utility per dollar spent. A behavioral economist would suspect Trevor is suffering from the ________ bias.
a. choice-supportive
b. status quo
c. egocentric
d. time-saving
e. outcome
Answer
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Related questions
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a. A surplus will continue to exist and will grow larger over time.
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Q:
Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
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Q:
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Q:
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