Demand Is Inelastic If

question 139

Multiple Choice

Demand is inelastic if

• A)a small change in price results in a large change in quantity demanded.
• B)the quantity demanded is very responsive to a change in price.
• C)the price elasticity of demand is 0.2.
• D)the price does not change when supply increases.
• E)a 10 percent change in price results in a 1 percent change in the quantity supplied.

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Definitions:

Cognitive-Behavioral Therapies

A group of therapies that combine cognitive and behavioral techniques to alter unwanted behavior and negative thought patterns.

Insight-Oriented Therapies

A category of psychotherapies aiming to deepen a client's understanding of the roots of their emotional distress or psychological challenges, facilitating personal growth and resolution.

Homework Assignments

Tasks or exercises given to clients to perform outside of therapy sessions, intended to reinforce or apply the skills learned during therapy.

CBT

Cognitive Behavioral Therapy; a psychotherapeutic treatment that helps patients understand the interplay between their thoughts, feelings, and behaviors.