The Discovery That Human Traits Followed the Normal Curve Was

question 40

Multiple Choice

The discovery that human traits followed the normal curve was made by

• A) Sir Francis Galton
• B) R.A. Fisher
• C) E.B. Titchener
• D) Adolphe Quetelet

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Definitions:

Above Average Profits

Earnings that surpass the norm or average level within a particular industry or market.

Perfectly Elastic Demand

A market situation where demand for a product can drastically change to infinity with the slightest change in its price.

Inelastic Demand

A situation where the demand for a product does not change significantly with a change in price.

More Elastic Demand

A situation where the demand for a product is more sensitive to changes in price, meaning quantities demanded change significantly even with small price fluctuations.