Jeremiah Is a College Sophomore, Who Most People Would Characterize

question 357

Multiple Choice

Jeremiah is a college sophomore, who most people would characterize as bold and independent.He has dated many women without making a serious commitment.Jeremiah has been smoking since high school and prefers spicy, sour, and crunchy food.Jeremiah would most likely be described as

• A) self-actualized.
• B) intrinsically motivated.
• C) having a need for power.
• D) high in sensation seeking.

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Definitions:

Income Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in consumers' income, holding all other factors constant.

Inferior Good

An inferior good is a type of good whose demand decreases when consumer income rises, unlike normal goods, where demand increases with rising consumer income.

Normal Good

A type of good for which demand increases when income increases, and vice versa, displaying a positive correlation between income and demand.

Cross Elasticity of Demand

A measure of how the quantity demanded of one good responds to a change in the price of another good, indicating the degree of substitutability or complementarity between the two goods.