Examlex
Goods A and B have a positive cross-price elasticity of demand. This means goods A and B are:
Difference Threshold
The minimum difference in stimulation that a person can detect 50% of the time, also known as just noticeable difference (JND).
Sensory Adaptation
The process by which sensory receptors become less sensitive to constant stimuli over time.
Sensation
The process by which our sensory receptors and nervous system receive and represent stimuli from our environment.
Perception
The process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment.
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