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When There Is Inconsistency Between an Individual's Attitude and Behavior

question 61

True/False

When there is inconsistency between an individual's attitude and behavior, he or she tends to correct it by altering either the attitude or the behavior or by developing a rationalization for the discrepancy.


Definitions:

Elastic

A term used in economics to describe the sensitivity of the demand or supply of a good or service to changes in its price.

Perfectly Inelastic

A situation in which the quantity demanded or supplied does not change regardless of any change in price.

Fixed Number

A specific, unchanging quantity that does not vary under different conditions or over time.

Supply Curve

A graph showing the relationship between the price of a good and the amount of it that producers are willing to supply at those prices.

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