According to Research, Which of the Following Factors Is Most

question 72

Multiple Choice

According to research, which of the following factors is most likely to influence personality?

• A) education
• B) heredity
• C) friends
• D) moods
• E) economic background

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Definitions:

Demand Function

A mathematical equation that describes the quantity of a good that consumers are willing and able to purchase at various prices.

Subsidy

Financial assistance granted by a government or other institution to lower the cost of producing goods or services or to support consumers directly.

Price Elasticity

The measure of how much the quantity demanded of a good responds to a change in its price, with elasticity greater than one indicating a high sensitivity to price changes.

Supply Elasticity

A measure of how much the quantity supplied of a good changes in response to a change in price.