Elena Is in the Toothpaste Section of the Grocery Store

question 21

Multiple Choice

Elena is in the toothpaste section of the grocery store, and picks up a box of .99 Colgate as she quickly passes through. This is an example of decision making.

• A) habitual
• B) category
• C) uncluttered
• D) associative
• E) peripheral

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Definitions:

Consumer Incomes

The total amount of income received by consumers, influencing their purchasing power and demand for goods and services.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, contrasting with normal goods.

Substitute

A good or service that can be used in place of another good or service, often due to similarities in features or functions.

Expensive

Describing an item or service that has a high cost or price relative to its perceived value or compared to other options.