The More Consistent a Behavior, the More the Observer Is

question 52

Multiple Choice

The more consistent a behavior, the more the observer is inclined to ________.

• A) attribute it to interpretation
• B) attribute it to internal causes
• C) attribute it to consensus
• D) attribute it to external causes
• E) attribute it to distinctiveness

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Definitions:

Income Elasticity

The percentage change in the quantity of a product demanded divided by the percentage change in consumer income that caused the change in quantity demanded. It measures the responsiveness of the demand for a good to a consumer’s change in income.

Perfectly Elastic

Describes a situation where the quantity demanded or supplied reacts extremely to a small change in price, indicating infinite responsiveness.

Demand Curve

A graph representing the relationship between the price of a good or service and the quantity demanded by consumers at those prices.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of consumers to price changes.