Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A store places a sign next to its soup cans stating limit of 1 2 per person. They find that this increases the number of
A store places a sign next to its soup cans stating "limit of per person". They find that this increases the number of cans that people buy. What best explains this effect?
Anchoring effect
Availability heuristic
Law of small or large numbers
Representativeness heuristic
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started