Lilly Is Only 18 Months of Age

question 81

Multiple Choice

Lilly is only 18 months of age. She has started to put two or three words together to communicate with her mother. This morning she said "more nana" to indicate that she wanted to eat more of a banana. Lilly is

• A)engaging in infant vocalizations.
• B)at the one-word stage.
• C)using telegraphic sentences.
• D)beyond the critical period.

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Definitions:

Price Rigidity

The situation in which prices do not change quickly in response to changes in demand or supply, remaining static despite market pressures.

Price Leadership Model

A market situation in which one leading company sets prices that other companies in the sector follow.

Antitrust Sanctions

Penalties imposed on businesses or individuals for violating antitrust laws, intended to promote fair competition and prevent monopolistic practices.

Price Signalling

A mechanism where the price of a good or service provides information to buyers and sellers which influences their decisions.