According to a Study in the Late 1990s of the Most

question 45

Multiple Choice

According to a study in the late 1990s of the most important qualities in a mate,

• A)men and women both listed good looks as the most important trait.
• B)men listed good looks as the most important trait,whereas women listed good financial prospects.
• C)men listed emotional stability as the most important trait,whereas women listed education and intelligence.
• D)men and women both listed mutual attraction and love as the most important trait.

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Definitions:

Supply Elasticity

This measures the responsiveness of the quantity supplied of a good or service to a change in its price.

Time Period

An interval of time during which events occur or conditions exist.

Cross-Price Elasticity of Demand

A measurement of how the quantity demanded of one good changes in response to a change in the price of another good.

Midpoint Method

A technique used to calculate elasticity by taking the average of the starting and ending prices and quantities to determine percentage changes.