Alyssa Says That She Would Buy One Banana Split a Day

question 209

Multiple Choice

Alyssa says that she would buy one banana split a day regardless of the price.Assume she is telling the truth,what do we know

• A)Alyssa's demand for banana splits is perfectly inelastic.
• B)Alyssa's demand for banana splits is perfectly elastic.
• C)Alyssa's price elasticity of demand for banana splits is 1.
• D)Alyssa's income elasticity of demand for banana splits is negative.

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Definitions:

Alternative Explanations

Different theories or reasons that explain a phenomenon or observation, often considered when the primary explanation is insufficient.

Emotional Reasoning

A cognitive process where an individual bases their beliefs and decisions on their emotions rather than on objective reality.

Cognitive Perspective

A psychological approach that emphasizes mental processes in perception, memory, language, problem solving, and other areas of behavior.

Psychological Perspective

A particular view or approach within psychology that emphasizes specific aspects of human behavior and mental processes, such as cognitive, behavioral, or psychoanalytic perspectives.