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When the price elasticity of demand is -0.66,a decrease in price will
Predictability
The ability to accurately forecast future events or behaviors based on current knowledge or analysis.
Mischel's Critique
Refers to psychologist Walter Mischel's argument against the consistency of personality traits, suggesting situational variables play a significant role in behavior.
Personality Variables
Characteristics or factors that can vary among individuals and contribute to differences in behavior and personality.
Personality Traits
Enduring characteristics or qualities that define an individual's behavior in various situations.
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