Examlex
Suppose that a coffee shop faces a demand curve that is liner and that the current price for its cup of coffee is set at a point where the price elasticity is 1.2.If the local dry cleaner shop increases the price per garment,demand becomes ________ elastic and total revenue ________.
Procedural Memory
The type of long-term memory involved in the skill of performing tasks without conscious awareness of the learned skills, such as riding a bike.
Flashbulb Memory
Highly detailed and vivid memories of surprising and emotionally significant events, which seem to be recorded in one's memory almost as if by a camera's flash.
Implicit Memory
A type of memory that enables us to perform tasks without conscious awareness of these previous experiences.
Clustering
The tendency to remember similar or related items in groups, which is often observed in studies of memory and learning.
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