Edward Is the Cheerleader Type, Always Smiling, Never Makes an Unkind

question 58

Multiple Choice

Edward is the cheerleader type, always smiling, never makes an unkind statement, always looks for the good in people and situations. Edward is high in ________.

• A) emotional stability
• B) feeling
• C) agreeableness
• D) perception

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Definitions:

Inelastic

Describes a market situation where the demand for a product or service is relatively unchanged by price variations.

Elastic

Describes a situation where the quantity demanded of a product or service significantly changes in response to a change in its price.

Demand Curve

A graph showing how the demand for a commodity or service varies with changes in its price.

Quantity Demanded

The total amount of a product that consumers are willing and able to purchase at a given price over a specified period.