Answer:
False
Explanation:
Durable goods are goods that are meant to last a very long time when used regularly without having to be replaced. However, the threshold for durability is usually placed at about three years, not one month. Some examples of durable goods are washing machines, cars, furniture and jewelry. In general, people tend to spend on durable goods only when the economy is healthy, as they tend to be more expensive than non-durable goods.
Answer:
The serial position effect
Explanation:
Serial-position effect
This is simply refered to as ways, pattern or method used by individuals in recalling items on a list, usually recall is best for items at the beginning or end of a list than for items in the middle.
Individuals with short term memory are very likely to remember pieces of informations from the beginning and end of a list.
Examples of serial position effect includes:
1. Recency Effect
In this type of serial-position effect, it is often best to recall items at the end of a list, than/then for items at the beginning, than/then for items in the middle of the list.
2. . Primacy Effect
This type of serial-position effect is characterized by the ability to recall is best for the first items on the list, than/then for at the end of the list, than/then for items in the middle of the list.
1. Typically you would have higher prices because if you don't have to compete with another person to sell more product you can have the price super high and as the only person selling you can sell for as much as you want
