Necessities Tend to Have A(n) ______ Demand Than Luxuries

question 180

Multiple Choice

Necessities tend to have a(n) ______ demand than luxuries.

• A) more elastic
• B) more inelastic
• C) equally elastic
• D) equally inelastic

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Definitions:

Discrimination

In psychology, the ability to respond differently to similar but distinct stimuli.

Prejudice

A preconceived opinion or judgment formed without just grounds or before sufficient knowledge, often based on stereotypes.

Instinct Approach

A theory in psychology that suggests innate, biologically driven behaviors are the primary motivators for human actions.

Motivation

A psychological force that compels you to take action toward achieving your goals.