If a Small Change in the X Variable Results in a Large

question 195

Multiple Choice

If a small change in the x variable results in a large change in the y variable,the curve will be

• A) positively sloped.
• B) negatively sloped.
• C) steep.
• D) flat.
• E) trended.

---

Definitions:

Retail Stores

Physical or online outlets that sell goods directly to consumers for personal or household consumption.

Behavioral Economist

An economist who studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Individual Decision Making

The process by which an individual selects among alternative choices based on preferences, resources, and information.

Costly Temptations

Expenses incurred from yielding to desires that can lead to negative financial consequences.