If the Price Elasticity of Demand for Airline Travel Is

question 144

Multiple Choice

If the price elasticity of demand for airline travel is 0.52 in the short run and 1.46 in the long run, then the demand for airline travel is _______ in the short run and _______ in the long run.

• A) inelastic; elastic
• B) inelastic; inelastic
• C) elastic; elastic
• D) elastic; inelastic

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Definitions:

Positive Reinforcement

An increase in the future frequency of a behavior due to the addition of a stimulus immediately following a response.

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus strengthens a behavior, increasing its occurrence.

Negative Punishment

A behavioral control method where the removal of a desirable stimulus decreases the likelihood of a behavior recurring.

Avoiding Punishment

Engaging in behavior with the aim to prevent, escape from, or decrease the likelihood of negative consequences or sanctions.