One Reason the Demand for Electricity Is Probably More Price

question 92

Multiple Choice

One reason the demand for electricity is probably more price elastic than the demand for table salt is that

• A)people react to a change in the price of electricity in the long run but react to a change in the price of salt in the short run.
• B)there are more substitutes for electricity than for table salt.
• C)people react to a change in the price of electricity in the short run but react to a change in the price of salt in the long run.
• D)a change in the price of electricity is likely to be temporary compared to a change in the price of table salt.
• E)electricity takes up a larger proportion of one's income than does table salt.

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Definitions:

Formula First Session Task

A structured task given to clients in the first session of solution-focused therapy to notice and report changes happening in their lives.

Assuming Future Solution

The practice of acting or planning based on the belief that a positive outcome or solution will occur.

Generate List

The action or process of creating a sequence or collection of items that are usually related by some criteria.

Solution-building

A problem-solving approach focusing on identifying practical and effective solutions rather than dwelling on the problem itself.