A Demand Relationship in Which the Percentage Change in Quantity

question 63

Multiple Choice

A demand relationship in which the percentage change in quantity demanded is the same as the percentage change in price is:

• A) perfectly inelastic
• B) relatively inelastic
• C) unit elastic
• D) perfectly elastic

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Definitions:

Approach-avoidance

A psychological conflict that occurs when an individual is simultaneously drawn to and repelled by the same object, goal, or activity.

Avoidance-avoidance

A psychological conflict involving a choice between two undesirable outcomes or situations.

Approach-approach

A conflict situation in which an individual must choose between two desirable outcomes.

Double approach-avoidance

A psychological conflict involving two goals or situations, each possessing both attractive (approach) and repulsive (avoidance) aspects, making decision-making more complex.