Exhibit 5-8 Which of the Following Statements Is True

question 127

Multiple Choice

Exhibit 5-8 Which of the following statements is true in the range of the total revenue curve labeled B in Exhibit 5-8?

• A)Demand is elastic.
• B)Demand is inelastic.
• C)Demand is unit elastic.
• D)We cannot tell anything about elasticity of demand because this is a total revenue curve.
• E)Demand is perfectly elastic.

---

Definitions:

Stimuli

Elements in the environment that can evoke a response from organisms.

Cognitive Therapy

A multistep approach developed for treating individuals with depression. First, individuals identify dysfunctional thoughts and maladaptive assumptions that may be causing unpleasant emotions. Second, several techniques are used to counteract the debilitating thoughts or dysfunctional assumptions contributing to the emotional distress. Third, individuals complete assignments that require practicing appropriate thoughts and behaviors.

Rational-emotive Therapy

A form of cognitive-behavioral therapy founded by Albert Ellis that aims to identify and change irrational beliefs and attitudes.

Stress Inoculation Training

A psychological therapy that helps individuals prepare for and manage stressful situations through practicing coping skills.