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In a short essay, list and discuss the five personality traits of the Big Five Model of personality.
Equilibrium Point
The state in a market where supply equals demand, leading to stable prices and quantities.
Normal Goods
Goods for which demand increases as the income of the buyer increases, and vice versa.
Price Rises
An increase in the cost of goods or services, often due to factors like inflation, supply and demand imbalances, or production costs.
Income Effects
Changes in consumers' purchasing patterns resulting from a change in their income, influencing how they allocate their spending across different goods and services.
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