A Government Wants to Reduce Electricity Consumption by 10

question 135

Multiple Choice

A government wants to reduce electricity consumption by 10%. The price elasticity of demand for electricity is -5. The government must ________ the price of electricity by ________.

• A) raise; 2.0%
• B) raise; 0.5%
• C) raise; 1.25%
• D) lower; 0.5%

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Definitions:

Cognitive-Behavioral Therapy

A type of psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors to treat various mental disorders.

Existential Therapy

A therapy that encourages clients to accept responsibility for their lives and to live with greater meaning and value.

Humanistic Therapy

A system of therapy in which clinicians try to help clients look at themselves accurately and acceptingly so that they can fulfill their positive inborn potential.

Psychodynamic Therapy

is a form of depth psychology, the primary focus of which is to reveal the unconscious content of a client's psyche in an effort to alleviate psychic tension.