An Injunctive Norm

question 1

Multiple Choice

An injunctive norm

• A) indicates what we should or should not do.
• B) indicates what other people actually do.
• C) is an explicit rule about how to behave, such as a law.
• D) exerts little control over people's behavior.

Analyze diagrams to understand market dynamics and elasticity.

Examine the relationship between income elasticity and consumer spending patterns on education and other goods.

Understand the concept of elasticity in demand and its applications.

Recognize how changes in price affect consumer demand and spending.