Ray Just Got a Raise,and Decided to Splurge on a Fancy

question 22

Multiple Choice

Ray just got a raise,and decided to splurge on a fancy dinner to celebrate.The change to Ray's demand for fancy dinners could be measured by the:

• A) price elasticity of supply.
• B) price elasticity of demand.
• C) cross-price elasticity.
• D) income elasticity of demand.

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Definitions:

Conscientiousness

A personality trait marked by organization, dependability, and a strong sense of duty.

Deadlines

Specified times or dates by which tasks must be completed or objectives must be achieved.

Big Five

Big Five is a model describing five broad personality traits—openness, conscientiousness, extraversion, agreeableness, and neuroticism—that are used to understand and categorize human personality.

Trait Dimensions

aspects or characteristics that can vary within individuals, used in psychology to describe and differentiate between personalities.