According to Its Definition, the Absolute Threshold Is the Minimum

question 254

Multiple Choice

According to its definition, the absolute threshold is the minimum amount of sensory stimulation that a person can

• A) detect at least once ten trials.
• B) never detect.
• C) detect 50 percent of the time
• D) always detect.

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Definitions:

Elastic

A characteristic of supply or demand that indicates a high sensitivity to changes in price.

Inelastic

Describes a situation where a change in price leads to a relatively small change in the quantity demanded or supplied.

Market Efficiency

A scenario where all existing information is entirely accounted for in the prices of assets, rendering it impossible to consistently outperform the market average in terms of returns.

Government

An organized system that establishes rules and regulations, governs, and provides services to its constituents.