-Consider the Straight-Line Demand Curve Illustrated in the Figure Above

question 329

Multiple Choice

-Consider the straight-line demand curve illustrated in the figure above. At a price of $6, demand is

• A) inelastic.
• B) elastic.
• C) unit elastic.
• D) More information is needed to determine if the demand is elastic, unit elastic, or inelastic.

---

Definitions:

Observable Behavior

Actions or reactions of an individual that can be witnessed and measured directly by others.

John B. Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the importance of observable behaviors over internal states.

Consciousness

Consciousness and the capability to evaluate one's very being, senses, ideas, surroundings, and encounters.

Behavior

The actions or reactions of an organism or system, often in response to environmental stimuli, observable by others.