Which of the Following Will Cause Demand to Be Relatively

question 150

Multiple Choice

Which of the following will cause demand to be relatively elastic?

• A)There are few substitutes
• B)The time interval is relatively long
• C)The good is considered a necessity
• D)The good involves a relatively small portion of the consumers' budget
• E)The time interval is relatively short

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Definitions:

DBT Perspective

Pertains to Dialectical Behavior Therapy, a cognitive-behavioral approach that emphasizes the development of coping skills for emotional regulation, distress tolerance, interpersonal effectiveness, and mindfulness.

Emotional Reactivity

The tendency of an individual to respond to various stimuli in their environment with an emotional response, which can vary in intensity and duration.

Ruminative Thinking

A pattern of repetitive and passive focus on one's symptoms of distress and its possible causes and consequences, rather than solutions.

Depression

A behavioral health condition manifested by a perpetual state of depression or indifference towards activities, which notably hampers one's ability to function daily.