The Price Elasticity of a Horizontal Demand Curve Is Always

question 143

Multiple Choice

The price elasticity of a horizontal demand curve is always

• A)infinitely large.
• B)zero.
• C)one.
• D)increasing as price increases.

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Definitions:

Psychological Science

The study of mind and behavior through research and experimentation to understand how humans think, feel, and act.

Behavior

The actions or reactions of an organism, often in response to external stimuli, observable by others.

Psychoanalysis

A therapeutic approach developed by Sigmund Freud focusing on unconscious processes as they are manifested in a person's present behavior.

Sigmund Freud

A founding figure in psychoanalysis, known for his theories on the unconscious mind, dreams, and psychosexual development.