What Does Price Elasticity Measure

question 135

Multiple Choice

What does price elasticity measure?

• A) How much a market responds to a change in market conditions
• B) How much consumers or producers respond to a change in market price
• C) How quickly consumers or producers respond to a change in market price
• D) How quickly a market will respond to a change in market conditions

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Definitions:

Reversal Design

An experimental technique where a behavior is measured before and after a treatment is introduced, and then once again when the treatment is removed.

Intervention

Actions or strategies implemented to produce a change in a situation or in the behavior of individuals, often within educational or therapeutic contexts.

Changing Criterion Design

A method of graphing behavioral observations used to evaluate a slow and orderly increase or decrease in a student’s performance level by changing the criterion for the student to receive an intervention in a stepwise fashion.

Target Criterion

A specific goal or standard of performance that individuals aim to achieve in an intervention, training program, or behavioral experiment.