By Establishing High and Unrealistic Financial Goals, You Will Probably

question 18

Multiple Choice

By establishing high and unrealistic financial goals, you will probably

• A) improve the likelihood of achieving at least some success.
• B) become discouraged and lose interest in planning.
• C) increase the viability of your plan.
• D) impress your spouse or significant other.

---

Definitions:

Price Falls

A decrease in the cost of goods or services in the market.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in its price, with high elasticity indicating a significant response to price changes.

Sensitivity of Quantity

The responsiveness of the quantity demanded or supplied of a product to changes in its price or other factors.

Sensitivity of Price

The degree to which the price of a product or service impacts consumer demand or the quantity supplied.