Along a Linear Demand Curve

question 23

Multiple Choice

Along a linear demand curve,

• A)both the slope and price elasticity are constant
• B)the price elasticity is constant, but the slope varies
• C)total revenues are constant
• D)the slope is constant, but the price elasticity varies
• E)total revenues are negative

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Definitions:

Positive Illusions

Unrealistically favorable attitudes that people have towards themselves or to people that are close to them.

Goal-Setting

Involves the development of an action plan designed to motivate and guide a person or group toward achieving a specific objective.

Overly Optimistic

The tendency to hold an excessively positive outlook on one's abilities, outcomes, or future events.

Zeigarnik Effect

The psychological phenomenon whereby individuals remember uncompleted or interrupted tasks better than completed ones.