Sensory Storage

question 39

Multiple Choice

Sensory storage

• A) holds the information for up to 20 seconds.
• B) is encoded only by the eyes and ears.
• C) has a relatively large capacity.
• D) involves primarily semantic encoding.

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Definitions:

Substitution Effect

The change in the consumption of goods that results from a change in their relative prices, holding the consumer's level of utility constant.

Income

Compensation acquired from job employment or the act of investing, usually in a regular pattern.

Price

The expected financial outlay, required, or dispensed in payment for something.

Claret

A red wine from Bordeaux, France, or a wine of similar character from elsewhere.