________ Are Typically Lower in Social Class Than Other Adopter

question 67

Multiple Choice

________ are typically lower in social class than other adopter categories and are bound by tradition.

• A) Early adopters
• B) Early majority
• C) Late majority
• D) Laggards
• E) Impulse buyers

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Definitions:

External Benefits

Positive effects enjoyed by a third party when an economic transaction takes place, without them paying for the benefits received.

Demand Curve

A graphical representation that demonstrates the relationship between the price of a good and the quantity demanded by consumers at various price levels.

Education

The process of facilitating learning, acquiring knowledge, skills, values, beliefs, and habits through various means such as teaching, training, storytelling, and research.

Corrective Tax

A tax designed to incentivize economic activities that are more socially desirable or to correct market imperfections.