Studies Show That the Demand for Gasoline Is

question 332

Multiple Choice

Studies show that the demand for gasoline is

• A)price inelastic in the short run but elastic in the long run.
• B)price inelastic in both the short and long run.
• C)price elastic in the short run but inelastic in the long run.
• D)price elastic in both the short and long run.

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Definitions:

Positive Punishment

Adding an unfavorable outcome or event following an undesired behavior to decrease the likelihood of that behavior occurring again.

Urinates

The act of discharging urine from the body.

Token Economy

A form of behavior modification designed to increase desirable behavior and decrease undesirable behavior with the use of tokens.

Chips

Thin slices of vegetables, fruits, or other foods, fried or baked until crisp, often consumed as a snack.