According to the Serial Position Effect, If You Are a Waiter

question 60

Multiple Choice

According to the serial position effect, if you are a waiter trying to remember all the orders for a table of seven, you should pay particular attention to the _____ orders, because these are the ones you are most likely to forget.

• A)first and second
• B)sixth and seventh
• C)third, fourth, and fifth
• D)first, third, and seventh

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Definitions:

Cross-Price Elasticity

A measure of how the demand for one good responds to a change in the price of another good.

Income Elasticity

A measure of how much the demand for a good changes in response to a change in consumer income.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.

Cross-Price Elasticity

The responsiveness level of the quantity of a product needed when there's a fluctuation in the price of another product.