Case-Based Critical Thinking Questions

question 125

Multiple Choice

Case-Based Critical Thinking Questions
Case 10-1
You have been having some difficulty in your economics class this semester,so you have requested support from a tutor.One topic that is giving you trouble at the moment is the price elasticity of demand.
-A change in price is met by an equal and opposite change in demand.This is an example of what kind of elasticity,according to your tutor?

• A) Unit elastic
• B) Perfect elastic
• C) Relative elastic
• D) Absolute elastic

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Definitions:

Self-motivation

The internal drive that leads an individual to take action toward achieving goals without external influence.

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The conscious knowledge of one's own character, feelings, motives, and desires.

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The abilities used to communicate, interact, and form relationships with others in a social context effectively and appropriately.

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