Examples of the Conceptual Block of Constancy Include Lateral Thinking

question 85

True/False

Examples of the conceptual block of constancy include lateral thinking and only one thinking language.

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Definitions:

Inelastic Demand

A situation in which the demand for a product does not change much in response to price changes.

Close Substitutes

Products that serve similar functions or needs and can easily replace one another in the eyes of the consumer.

Complements

Products or services that are used together, such that the demand for one increases the demand for the other.

Current Margin

The present profit margin; the difference between the sales revenue and the cost of goods sold at the current time.