Wilma Is a Famous Chef

question 21

Multiple Choice

Wilma is a famous chef.Since she does not like to share her secret family recipes,she does not write down her special creations,which makes it difficult to remember their ingredients.To aid her memory,she has created a unique "mental walk" that she takes to recall each recipe.For each one,she has a familiar "route" she can imagine walking through (e.g. ,from the end of her driveway to her living room) where she places each item in the recipe somewhere along the way (e.g. ,Tabasco sauce splattered on the front door) .By doing so,Wilma is usingto organize her memories.

• A)mental synthesis
• B)paired-associate learning
• C)the pegword technique
• D)method of loci

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Definitions:

Inelastic

Refers to a scenario in which a change in price leads to a comparatively small change in the quantity demanded or supplied.

Price Elasticity

An indicator of the sensitivity of the demand for a product to alterations in its price.

Elastic

A term used to describe the sensitivity of the quantity demanded or supplied of a good or service to a change in its price.

Quantity Demanded

The specific amount of a product that buyers are willing and able to purchase at a given price.