If the Price Elasticity of Demand Is Found to Be

question 171

Multiple Choice

If the price elasticity of demand is found to be -6, then demand is:

• A) price inelastic.
• B) price elastic.
• C) unit price elastic.
• D) horizontal.

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Definitions:

Specific Phobias

An irrational fear and avoidance of a particular object or situation that poses little to no actual danger.

Predisposition

A natural inclination or tendency to suffer from a particular condition or exhibit a particular behavior.

Phobic Reactions

Intense, irrational fears of specific objects or situations that lead to avoidance behavior and can significantly disrupt daily functioning.

Phobic Disorders

Anxiety disorders characterized by an intense, irrational fear of specific objects, scenarios, or activities that poses little to no actual danger.