Price Elasticity of Demand Is Useful Because It Measures __________

question 67

Multiple Choice

Price elasticity of demand is useful because it measures __________ responsiveness to changes in __________.

• A)taxpayers'; demand
• B)producers'; supply
• C)consumers'; price
• D)consumers'; demand
• E)producers'; income

---

Definitions:

Unconditional Positive Regard

A non-judgmental acceptance and support of a person regardless of what the person says or does, often used in therapeutic settings.

Classical Conditioning

A method of learning by linking an environmental trigger with a naturally existing stimulus, which brings about a learned behavior.

Cognitive-Behavioral Therapy

A form of psychotherapy that focuses on changing negative thought patterns and behaviors to improve mental health.

Psychodynamic Therapy

A therapeutic approach focusing on revealing and resolving unconscious conflicts, based on the theories of psychoanalysis.