Assuming the Inverse Demand Function for Good Z Can Be

question 5

Multiple Choice

Assuming the inverse demand function for good Z can be written as P = 90 - 3Q,when P = 20,the point price elasticity of demand is equal to (approximately) :

• A)-0.22.
• B)-0.29.
• C)-0.67.
• D)-4.5.

---

Definitions:

Self-esteem

Refers to a person’s overall sense of self-worth or personal value.

Defense Mechanisms

Psychological strategies brought into play by the unconscious mind to manipulate, deny, or distort reality in order to defend against feelings of anxiety and unacceptable impulses.

Diathesis-stress Model

An approach in psychology that attributes conduct to an innate vulnerability compounded by stressors encountered in one’s life experiences.

Depressed State

A condition or mood of feeling sad, helpless, and dispirited, often with a lack of energy and difficulty in maintaining daily activities.