Question

If a retail store has an item that is priced well above its other products in an effort to make the majority of its products seem inexpensive by comparison, this is an example of:

Answer 1

There are different kinds of product effect. If a retail store has an item that is priced well above its other products in an effort to make the majority of its products seem inexpensive by comparison;

• this is an example of the framing effect.

What is a framing effect?

The framing effect is commonly defined as a type of cognitive bias that influences the decision making of people when said in different ways.

Conclusively, This simply implies that we are affected by how the same fact or question is portrayed to us.

learn more about the framing effect from

brainly.com/question/2444365