Answer:
An inferior good.
Explanation:
Normal Good
This is simply known as goods whose demand increases as income of people rises and the demand falls also when there is a fall in income.
Inferior Good
This is simply known as goods that their demand reduced or decreases when the income of consumers do rises and also the demand also rises when consumer income falls. This is quite different fro. normal goods, for which the opposite is observed.
An increase in disposable income simply shows that the demand curve shifts rightwards and it depend largely o whether the goods is a normal goods or inferior goods.
Answer: Cognitive Bias, Availability Heuristic.
Explanation:
A cognitive bias is a pattern of thought goofs in which a person perceive and evaluate information influenced by the context and framing of such information.
Availability Heuristic is a Cognitive Bias in which people use recent examples in order to evaluate decisions, topic or concepts.
In this case Richard is subject to this cognitive bias in the sense that he is confirming his belief that there are fewer cars on the road just because that's the most recent information he has.
In conclusion, when people
A. C. D. E. All the others are not a utilities
High reliability but inadequate standardization
They traveled a lot to try to spread their religion.
