Price Elasticity of Demand Shows

question 47

Multiple Choice

Price elasticity of demand shows

• A) that income is a function of demand.
• B) the degree of consumer sensitivity to price changes.
• C) shifts in demand in response to changes in consumer preferences.
• D) the extent to which a demand schedule changes in response to changes in consumer income and taste.
• E) that consumers are usually indifferent to changes in price.

---

Definitions:

Depressive Symptoms

Emotional and physical signs indicating depression, such as persistent sadness, lack of energy, and changes in sleep or appetite.

Cleanliness Obsession

An excessive preoccupation with cleanliness, often associated with obsessive-compulsive disorder (OCD).

Conditioned Response

A learned response to a previously neutral stimulus, resulting from its association with an unconditioned stimulus.

Cognitive Therapy

A form of psychotherapy that focuses on changing negative thought patterns to improve emotions and behaviors.