If the Supply Curve Is Perfectly Elastic, Then an Increase

question 15

Multiple Choice

If the supply curve is perfectly elastic, then an increase in demand results in no change in the

• A)equilibrium quantity but a large increase in the equilibrium price.
• B)equilibrium quantity but a large decrease in the equilibrium price.
• C)equilibrium price but a decrease in the equilibrium quantity equal to the change in demand.
• D)equilibrium price but an increase in the equilibrium quantity equal to the change in demand.
• E)equilibrium quantity or the equilibrium price.

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Definitions:

Relapse Rates

The frequency or proportion of individuals who return to a previous state of illness or problematic behavior after a period of improvement.

Obsessive-compulsive Disorder

A mental health condition characterized by unwanted, repetitive thoughts (obsessions) and behaviors (compulsions) that the person feels compelled to perform.

Cognitive Restructuring

A cognitive-behavioral therapy technique aimed at identifying and modifying negative and irrational thoughts.

Exposure

A therapeutic technique used primarily in the treatment of anxiety disorders, where the client is exposed to the feared object or context without any danger, to overcome their anxiety.