While sitting in the park one day, peggy witnessed a robbery. when asked by the police to describe the young criminal, she recalled incorrectly that the criminal was a teenager rather than a young adult. peggy's experience best illustrates the effect?

Peggy's experience best illustrates the misinformation effect. The misinformation effect is when we remember wrongly events that took place because of information supplied to us after the original event. So in this case the police made the suggestion to Peggy that the criminal was young so she reported that the criminal was a teenager when in fact it was young adult. The police supplied her with misinformation that skewed her memory of the event.

"choosing is refusing" means individuals face an opportunity cost with each decision they make. economists state that every decision involves trade-offs. opportunity cost is the least desirable alternative given up as a result of a decision.