The Law of ___________ States That Objects Are More Likely

question 6

Multiple Choice

The law of ___________ states that objects are more likely to be perceived as "belonging together" when they are positioned close to one another.

• A) proximity
• B) repetition
• C) similarity
• D) unity

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Definitions:

Midpoint Formula

A method used in economics to calculate the elasticity of demand or supply by taking the average of the initial and final prices and quantities.

Total Revenue

The total amount of money a company receives from its goods or services, calculated by multiplying the price per unit by the number of units sold.

Quantity Effect

The impact on total consumption or production as a result of a change in quantity, holding price constant.

Price Effect

The change in consumption resulting from a change in the price of a good or service, influencing consumer behavior.