A Measure of Sensitivity or Responsiveness to Changes in Price

question 143

Multiple Choice

A measure of sensitivity or responsiveness to changes in price or income is called:

• A) elasticity.
• B) technology.
• C) supply and demand.
• D) social pressure.
• E) kickback.

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Definitions:

Ego

In psychoanalytic theory, the part of the psyche that mediates between the desires of the id, the realities of the external world, and the moral standards of the superego.

Libido

A term that describes one's overall sexual drive or desire for sexual activity.

Transference

According to psychodynamic theorists, the redirection toward the psychotherapist of feelings associated with important figures in a patient’s life, now or in the past.

Psychodynamic

A psychological theory focused on the structured examination of the mental forces driving human behavior, feelings, and emotions, with an interest in their connection to experiences from early life.