Gas prices typically end with 9/10 of a cent. If a price of $2.49(9/10) per gallon seems

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Gas prices typically end with 9/10 of a cent. If a price of $2.49(9/10) per gallon seems better to consumers than a price of $2.50 per gallon, this is most likely the result of

a. Gasoline being an inferior good.

b. A desire for balance.

c. A desire for fairness.

d. Bounded rationality.

e. Bounded willpower.

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Survey Of Economics

ISBN: 9781429259569

1st Edition

Authors: David A. Anderson

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