After Canceling Your Car Appointment,the Technician Asks If You Would

question 1

Multiple Choice

After canceling your car appointment,the technician asks if you would like to reschedule.You indicate you need to check your schedule but never call them back.This is an example of ______.

• A)two-way avoidance
• B)contrast avoidance
• C)passive avoidance
• D)active avoidance

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Definitions:

Elastic

A description of a situation where the demand or supply for a good or service significantly changes in response to a change in price.

Inelastic

Describes a situation where the demand or supply for a product does not change significantly when the price of the product changes.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage.

Total Revenue

The total amount of money a firm receives from the sale of its goods or services before any expenses are subtracted.