Match the Correct Answer to Each Statement

question 39

Essay

Match the correct answer to each statement.
(a) The income elasticity of an inferior good is:
(b) The elasticity of supply in the long term is likely to be:
(c) The cross price elasticity of substitute goods is:

(i) positive
(ii) greater than one
(iii) negative

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Definitions:

Socialized Power Motivation

It describes a drive to use power for the benefit of others or the collective, rather than for personal gain.

Personal Integrity

Adherence to moral and ethical principles, demonstrating honesty and consistency in actions and values.

Stress Tolerance

The ability to remain calm, composed, and effective in challenging or stressful situations, without succumbing to pressure.

Decisive Direction

Clear and firm guidance or instructions on what action to take or decision to make.