The Slope of a Demand Curve Is Not Used to Measure

question 206

Multiple Choice

The slope of a demand curve is not used to measure the price elasticity of demand because

• A)the slope of a linear demand curve is not constant.
• B)the slope of a line cannot have a negative value.
• C)the measurement of slope is sensitive to the units chosen for price and quantity.
• D)the slope of the demand curve does not tell us how much quantity changes as price changes.

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Definitions:

Psychological States

The mental conditions that characterize the functioning of an individual's mind at any given time.

Physiological States

Various conditions or statuses of the body's internal processes, often influenced by internal and external factors.

Drives

Internal motivational states that prompt organisms to fulfill basic needs, such as hunger, thirst, or the drive for social connection.

Maslow

Abraham Maslow was an American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.