For a Given Shift in Demand, the More Elastic Is

question 122

Multiple Choice

For a given shift in demand, the more elastic is supply, the

• A)smaller is the change in price.
• B)smaller is the shift in demand.
• C)smaller is the change in equilibrium quantity.
• D)greater is the change in price.
• E)greater is the shift in demand.

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Definitions:

Sympathetic Arousal

The state of heightened physiological activity that prepares the body for action, part of the "fight or flight" response.

Parasympathetic Inhibition

The reduction of activity in the parasympathetic nervous system, which may result in increased arousal or decreased bodily functions associated with rest and digestion.

Cognitive Labeling

The process of identifying and naming the emotions one is experiencing.

Expressive Behaviors

Actions that outwardly demonstrate or convey one's emotions, thoughts, or feelings to others.