Graph 22-9 -Refer to Graph 22-9. Assume That the Consumer Depicted in the Consumer

question 12

Multiple Choice

Graph 22-9

-Refer to Graph 22-9. Assume that the consumer depicted in the graph has an income of $50 and currently optimises at pointA. When the price of marshmallows decreases to $2.50, the optimising consumer will choose to purchase how many units of marshmallows?

• A) 4
• B) 8
• C) 16
• D) 24

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Definitions:

Source Traits

Fundamental personality characteristics that are considered inherent and stable over time, from which other traits arise.

Raymond Cattell

was a psychologist known for his work in personality theory, including the development of the 16 Personality Factor (16PF) questionnaire.

Secondary Traits

Personality characteristics that are less consistent and not as deeply ingrained as primary traits, often influenced by specific contexts.

Traits

Characteristic patterns of thought, emotion, and behavior that are relatively stable over time.