Alice Goes to the Local Supermarket to Purchase One Package

question 175

Multiple Choice

Alice goes to the local supermarket to purchase one package of her favorite taco shells. She often pays $1.50 for a package, but she finds they are on sale for $1 each. According to the law of demand, one can expect Alice to:

• A)purchase an alternative good.
• B)purchase more than one package of taco shells.
• C)decide not to purchase taco shells on this visit.
• D)buy only one package of taco shells.

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Definitions:

Primary Motivations

Fundamental drives or impulses that guide behaviors and decisions towards fulfilling basic needs or achieving goals.

Consistent Tendencies

Regular patterns or habits in behavior or thought that remain stable over time.

Big Five Model

A personality framework that delineates five broad dimensions of human personality traits: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Conscientiousness

A personality trait characterized by organization, dependability, efficiency, and a strong sense of duty.