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When the calculated price elasticity of demand is -0.85, demand is
Maturation of Personality
The process by which an individual's personality traits become more stable and pronounced over time due to aging and life experience.
Higher Conscientiousness
Exhibiting an increased level of the trait characterized by organization, dependability, and carefulness.
Social Investment Theory
A psychological theory suggesting that as individuals mature, they invest more in their social roles, which leads to an increase in conscientiousness and stability.
Longevity
The duration of an individual's life, often used in discussions about factors that contribute to a long and healthy life.
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