Examlex
Price elasticity refers to the changes in demand when price changes.
Needs
Essential or basic requirements necessary for people to live and function properly, such as food, water, and shelter.
Construct
An idea or theory containing various conceptual elements, typically considered to be subjective and not based on empirical evidence.
Directs Behavior
Directing behavior refers to the ways in which cognitive processes, environmental cues, and personal goals influence an individual's actions and decision-making.
Constructs Predict
Theoretical concepts or ideas proposed to forecast outcomes or behaviors based on certain conditions.
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