Cognitive dissonance is the term which occurs or happen when the tension arises among the attitudes or beliefs of the person and the decision that contradicts with those pre- existing thinking modes.
In short, it means that it occurs when a person select among the two equally unappealing or equally attractive options.
So, in this case, Bill thinks that he had received the best deal for the car, but after purchasing, he noticed the disadvantages of the car as he learned regarding the new cars. Therefore, he is experiencing the cognitive dissonance.
C. avoid the problems associated with the administrative lag of discretionary fiscal policy
Built-in stabilizers are stablizers are fiscal policies that automatically reduce the impact of economic fluctuations.
For example progressive tax is an example of Built-in stabilizers. If the economy is experiencing a downturn, automatic stabilisers is triggered and amount of tax paid is reduced.
discretionary fiscal policy are subject to approval by the government authority. So, it might take time for it to scrutinised and approved. This is an instance of administrative lag.
Built-in stabilizers are not subject to approval before they are implemented.
D. The supply increases more than demand increases.
If the supply increases more than demand, the price can go down even though both supply and demand are going up.
Answer: It Depends On The Situation... If You Have To Wait Till 15-Minutes It’s Something Else But If They Don’t Have Quick Service... What’s The Mean Of Eating There. This Will Be A Negative Change As The Restaurants Will Have Poor Service And Half Star Rated By The Customers... This Will Give A Big Impact On The Restaurants As They Will Not Reach Up At Good Service And Customers Will Be Less So It’s Not Good Sign For The Restaurants
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