Examlex

Solved

LLThurstone Identified Seven Clusters of Primary Mental Abilities,including Word Fluency,memory,and

question 79

Multiple Choice

L.L.Thurstone identified seven clusters of primary mental abilities,including word fluency,memory,and inductive reasoning.He claimed that word fluency


Definitions:

Total Revenue

The total amount of money a firm receives from sales of its products or services before any expenses are subtracted.

Demand

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

Unit Elastic

A demand or supply situation where a percentage change in price results in an equal percentage change in the quantity demanded or supplied.

Revenue Inelastic

A situation where the revenue from a product does not significantly change with fluctuations in its price, indicating a low sensitivity to price changes.

Related Questions