Examlex
Aminta is a soccer player who learns that a member of her own team used steroids before a recent game. According to research on the ultimate attribution error, Aminta is most likely to conclude that this steroid use was due to her teammate's
Demand
The desire to purchase goods and services backed by the ability and willingness to pay a price.
Economic Theory
A set of principles that explain how economic processes work, guiding the analysis of economic behavior and decision-making.
Relatively Inelastic
Term indicating that the demand or supply for a good or service changes only slightly in response to changes in price.
Percentage Increase
A mathematical calculation to determine the relative growth of a value by a certain percentage.
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