Answer:
they're all controlled by one guy.
Explanation:
Full question:
Which of the following will have no impact on the demand for ice cream in the short run?
A) A change in population size
B) A change in the price of ice cream
C) A change in seasons
D) A change in consumer preferences
E) A change in consumer incomes
Answer:
B) A change in the price of ice cream
Explanation:
The price of products are often fluctuating to either direction. Sometimes it can increase and sometimes it can decrease. This is why the consumers generally have a slow reaction on price changes. it is not likely that a person will change their consumption behavior because of a slight price change.
But, if the change in price keep heading in one certain direction (if the price is continuously falling or continuously rising), then the change in demand would be more substantial in the long run.
Answer:
The 1890s saw a surge of musical transformation. Lyrics began to be more personal and poetic. Less of telling a story through song, music also became more lively.
Explanation:
Answer:
People tend to make systematic and predictable mistakes in their thinking. These mistakes are called biases.
Explanation:
Humans are not perfect decision makers. Everyday humans make numerous decisions and try their best to be rational. But many times, our cognitive limitations prevent us from doing so. In systematic and predictable ways, we do drift away from perfection. Even if we take each step properly to make a decision by first defining the problem, then thinking of alternatives for the solution and then take a decision, one is bound to get affected by cognitive thinking. Such mistakes that humans make are called biases. They affect the judgement of even a very talented human being.
