If the Quantity of Auto Workers Demanded Decreases from 66,000

question 25

Multiple Choice

If the quantity of auto workers demanded decreases from 66,000 to 54,000 when the equilibrium wage increases from $12.00 per hour to $14.00 per hour,then the own-wage elasticity of demand for these workers is

• A) inelastic.
• B) elastic.
• C) zero.
• D) neither elastic nor inelastic.

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Definitions:

Internal Incentives

Motivations that come from within an individual, such as personal satisfaction or desire to achieve.

Predetermined Personal Goals

Goals that an individual sets in advance of a period of treatment or self-improvement, which guide overall therapy and personal growth efforts.

Future Exceptions

Circumstances or cases that might be excluded or treated differently in the future based on evolving criteria or contexts.

Miracle Question

A technique used in therapy where clients are asked to imagine how their life would change if a miracle happened overnight and their problem was solved.