Use the Table Below to Answer the Following Questions

question 135

Multiple Choice

Use the table below to answer the following questions.
Table 4.1.1
Demand schedule for good A.

-Refer to Table 4.1.1. The price elasticity of demand when the price rises from $6 a unit to $7 a unit is

• A)1.0.
• B)2.0.
• C)2.6.
• D)0.5.
• E)1.3.

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Definitions:

Albert Ellis

An American psychologist and psychotherapist who founded Rational Emotive Behavior Therapy (REBT), a form of cognitive-behavioral therapy focusing on identifying and changing irrational beliefs.

Unhappy

A state of dissatisfaction or sadness, often resulting from unmet expectations or adverse situations.

Automatic Thoughts

Refers to immediate, involuntary thoughts and assumptions that arise in response to specific situations.

Irrational Belief System

A psychological framework involving illogical or unrealistic beliefs that can lead to emotional and behavioral issues.