Mario Buys Eight Units of Good X When His Income

question 177

Multiple Choice

Mario buys eight units of good X when his income is $2,000 a month. When his income increases to $2,700 per month, he buys only six units of good X. For Mario, good X is:

• A) a normal good.
• B) a good with few substitutes.
• C) an inferior good.
• D) a good of high value.

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Definitions:

Personality Psychology

Personality psychology is the branch of psychology that focuses on the study of individual differences in characteristic patterns of thinking, feeling, and behaving.

Gordon Allport

A pioneering figure in psychology, known for his theory of personality that emphasized the uniqueness of the individual and the concept of personal dispositions.

Raymond Cattell

A psychologist known for his work in personality theory, including the development of the trait theory of personality.

Early Education

The period of formal and informal learning in a child's life before the onset of compulsory schooling.