<span>The correct answer is "the elicitation effect."
The Elicitation Effect refers to the process wherein a person gathers intellect or knowledge about a certain process t be able to cope up with it. Based on the given situation, Toni is using elicitation, because he is thinking of what to do during lunch break, yet he waited to see if what the other employees would do during lunch break then he would just follow what they will be doing.</span>
Answer: C) noncompensatory rule
Explanation:
The non-compensatory rule is used to describe a situation where a person does not believe that the good traits of a product in one area will compensate for perceived bad traits in another area.
For Elton, the good trait is well known brand names and the bad trait is brand names that are not well known. Even if for the brand that is not well known, the price is lower, the discount is higher or the store is well known, these still will not be enough to compensate for the bad trait of not being well known.
Answer:
blinded
Explanation:
Since in the question it is mentioned that Jenae is able to acquire the different kind of coffee brand in half price and she knows that the coworkers would be object regarding the same but at the time of taste test the coworkers rejected the new brand so this scenario represent that the taste test was not blinded as they didnt keep the participants of not awaring with regard the brand what they were taking
Therefore the above represent the answer
Answer:
Since the opening price is set so low, potential buyers will think that their total consumer surplus is very large. For example a consumer may be willing to pay $40 for an iPod but since the price is $1 his total consumer surplus is $39, so he will tempted to offer higher bids which eventually lead to a higher final price.
