When an Increase in Price Produces a Decline in the Total

question 13

Multiple Choice

When an increase in price produces a decline in the total amount spent on a commodity,demand is said to be

• A) of absolute elasticity.
• B) income inelastic.
• C) of unitary elasticity.
• D) price inelastic.
• E) price elastic.

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Definitions:

Sports Psychologist

A professional who studies and applies psychological principles in order to enhance athletic performance, cope with pressure, and improve well-being.

Health Psychologists

Health psychologists specialize in studying how biological, psychological, and social factors affect health and illness, and they develop interventions to promote healthy behavior and improve health care systems.

Stress

A state of mental or emotional strain or tension resulting from adverse or demanding circumstances.

Sickness

A state of ill health, disease, or ailment which affects the body or mind.