Use the Table Below to Answer the Following Question

question 45

Multiple Choice

Use the table below to answer the following question.
Table 4.1.4

-Refer to Table 4.1.4.The demand for hotel rooms is ________ because ________.

• A)inelastic;if the price is set low enough,total revenue will decrease
• B)elastic;if the price is set high enough,total revenue will decrease
• C)unit elastic;a price cut leaves total revenue unchanged.Total revenue never reaches a maximum
• D)decreasing as the price falls;the demand curve for hotel rooms is a straight-line demand curve
• E)inelastic;if the price is set low enough,total revenue will increase

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Definitions:

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A Russian physiologist known for his work in classical conditioning, demonstrating how stimuli can trigger an association to responses, famously illustrated by his experiments with dogs.

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A process of behavior modification in which an individual's response to a stimulus becomes modified, or conditioned, through reinforcement or punishment.

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A mental health professional who combines social work and psychiatric treatment to help patients cope with mental illness.

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