Examlex
In goal-setting theory, which of the following terms refers to the need to make goals highly ambitious but achievable?
Income Elasticity
A measure of how much the demand for a good will change in response to a change in consumers' income.
Negative
In general terms, something that represents a deficit, lack, or detrimental aspect, often used in contexts like finance, emotions, or charges.
Inferior Good
A good for which demand decreases as consumer income rises, unlike normal goods, for which demand increases as consumer income rises.
Cross Elasticity of Demand
A measure of how the quantity demanded of one good responds to a change in the price of another good.
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