If Two Products Are Substitutes, the ________ Elasticity of Demand

question 180

Multiple Choice

If two products are substitutes, the ________ elasticity of demand is ________.

• A) income; positive
• B) income; negative
• C) cross-price; positive
• D) cross-price; negative

Describe the humanistic approach to personality, focusing on individual freedom, growth potential, and self-efficacy.

Explain Walter Mischel's views on situational factors influencing behavior and personality consistency across different situations.

Identify the criticism and limitations of psychoanalytic and behavioral theories in understanding human behavior and personality.

Understand the role of situational specificity in modifying individuals' behavior according to context.

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Definitions:

Maslow Hierarchy

A theory in psychology proposed by Abraham Maslow in his 1943 paper "A Theory of Human Motivation", which describes a five-tier model of human needs, arranged in a hierarchy.

Social Needs

Basic human motivations included in Maslow's hierarchy, referring to the need for belongingness, love, and interpersonal relationships.

Maslow Hierarchy

A psychological theory proposed by Abraham Maslow that outlines a five-tier model of human needs, from basic (physiological) to higher needs (self-actualization).

Lowest Level Need

Refers to the most basic or foundational requirements in a hierarchy of needs, typically associated with physiological or survival needs.