Inborn Behavioral Characteristics Including Activity Level, Emotionality, and Sociability Are

question 40

Multiple Choice

Inborn behavioral characteristics including activity level, emotionality, and sociability are known as

• A) genotype.
• B) personality.
• C) temperament.
• D) All of the above are correct.

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Definitions:

Vertical Demand Curve

A vertical demand curve is a theoretical representation where the quantity demanded is completely insensitive to price changes, indicating that consumers are willing to buy the same amount regardless of the price.

Elasticity

A measure of how much the quantity demanded or supplied of a good or service changes in response to a change in price, income, or other factors.

Perfectly Elastic

A situation in demand or supply where the quantity demanded or supplied changes by an infinite amount in response to any change in price.

More Elastic

Referring to a greater sensitivity of quantity demanded or supplied to changes in price, compared to goods or services with less elasticity.