Which of the Following Groups of Adopters of a New

question 110

Multiple Choice

Which of the following groups of adopters of a new technology is exemplified by StarLight?

• A) Laggards
• B) Late majority
• C) Early majority
• D) Early adopters
• E) Innovators

Understand the concept of elasticity in relation to supply and demand.

Analyze how changes in the market influence consumer behavior and producer responses.

Comprehend how external factors such as news reports, and changes in consumer income or prices of related goods can influence market dynamics.

Apply the concept of market demand to real-world examples.

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Definitions:

Human Behaviour

The range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, and genetics.

Cognitive Psychology

A branch of psychology focused on studying how people perceive, think, understand, and remember information.

Long-Term Memory

A type of memory that holds vast amounts of information for periods ranging from hours to a lifetime.

Cognitive Psychologist

A professional who studies mental processes such as "attention, language use, memory, perception, problem-solving, creativity, and thinking."