To________ Is to State in Your Own Words What You

question 22

Multiple Choice

To________ is to state in your own words what you think the speaker means and feels.

• A) back-channel
• B) give feedback
• C) paraphrase
• D) empathize

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of consumers to price changes.

Elastic

Describes a situation where the quantity demanded or supplied of a good responds significantly to changes in its price.

Patent

A legal right granted by a government to an inventor, giving exclusive rights to use, make, and sell an invention for a certain period of time.

Inelastic Demand

A situation in which the demand for a product does not increase or decrease significantly when the price changes.