Brittany Is Daydreaming in Class When Her Instructor Asks Her

question 91

Multiple Choice

Brittany is daydreaming in class when her instructor asks her a question.Brittany finds that,even though she was not paying attention,she can replay in her "mind's ear" the instructor's last words,taking advantage of a process called:

• A)auditory memory.
• B)visual imagery encoding.
• C)iconic memory.
• D)echoic memory.

---

Definitions:

Elastic

Describes how the amount of a good that is demanded or supplied changes in reaction to a price adjustment.

Imperfectly Competitive

Describes markets where individual sellers have some control over the price of their products, unlike in perfect competition.

Price Takers

Firms or individuals who accept the market price as given and have no influence over it due to the competitive nature of the market.

Close Substitutes

Products or services that can be used in place of each other, with minimal differences perceived by the consumer.