Examlex
Which of the following needs was not extensively investigated by McClelland and his colleagues?
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.
Income Elasticity
A measure of how much the demand for a good or service changes relative to a change in consumers' income.
Housing Property
Real estate that includes residential homes such as single-family houses, apartments, and condos, used for living purposes.
Recession
A period of temporary economic decline during which trade and industrial activity are reduced, usually identified by a fall in GDP in two successive quarters.
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