Price Elasticity of Demand Is Measured as the

question 54

Multiple Choice

Price elasticity of demand is measured as the

• A) change in quantity demanded divided by the change in price.
• B) change in price divided by the change in quantity demanded.
• C) percentage change in price divided by the percentage change in quantity demanded.
• D) percentage change in demand divided by the percentage change in income.
• E) percentage change in quantity demanded divided by the percentage change in price.

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to gradually expose a patient to a feared stimulus to reduce the anxiety response.

Control Group

In an experiment, the group not exposed to the treatment; contrasts with the experimental group and serves as a comparison for evaluating the effect of the treatment

Exposure Therapies

Psychological treatments involving repeated exposure to feared stimuli to reduce the fear response.

Client-centered Therapists

Therapists who practice a form of psychotherapy that emphasizes the importance of the therapeutic relationship and the client's potential for self-directed growth.