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Selena is at a conference where she notices Luke and Pat talking. She barely knows either one-they are effectively neutral. Then she sees Luke talking with Caleb, someone she dislikes. First, Luke is now less likeable (1) ; and second, Pat is now also less likeable (2) . Selena's two attitudes are examples of:
Durable Consumer Goods
Products that are not consumed or destroyed in use and are able to provide utility over time, such as appliances, cars, or furniture.
Loanable Funds
The money available for lending and borrowing in the financial markets.
Opportunity Cost
The value of the next best alternative foregone as the result of making a decision.
Downsloping
Refers to a descending trend or pattern, often used in contexts such as demand curves in economics, where price and quantity demanded move in opposite directions.
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