If the Price Elasticity of Demand Is 1

question 76

Multiple Choice

If the price elasticity of demand is 1.4, a 10 percent increase in the price of the good results in

• A) a 14 percent increase in the quantity demanded.
• B) a 1.4 percent increase in the quantity demanded.
• C) a 1.4 percent decrease in the quantity demanded.
• D) a 14 percent decrease in the quantity demanded.
• E) There is not enough information to answer this question.

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Definitions:

Psychotherapy

A general term for treating mental health problems by talking with a psychologist, psychiatrist, or other mental health provider.

Transference

In psychotherapy, the process by which patients project feelings and attitudes from past relationships onto the therapist.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, known for his theories about the unconscious mind and mechanisms of repression.

Unconscious Thoughts

Thoughts that are not currently in focal awareness or are repressed, influencing behaviors and perceptions without conscious realization.