A(n) ________ Is a Set of Behaviors and Activities a Person

question 52

Short Answer

A(n) ________ is a set of behaviors and activities a person engages in to conform to society's expectations of his or her sex.

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Definitions:

Income Effect

How an alteration in income for either a person or an economic system influences the demand levels for a certain good or service.

Price Ceiling

A legally imposed maximum price on goods or services, beyond which they cannot be sold.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price.

Surplus

A situation where the quantity supplied exceeds the quantity demanded, or when revenues exceed expenses.