What Happens When Demand Is Elastic

question 24

Multiple Choice

What happens when demand is elastic?

• A)As price goes up,revenue goes down.
• B)As price goes down,revenue goes down.
• C)As price goes up,revenue goes up.
• D)As price goes up,revenue does not change.

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Definitions:

Cognitive Therapy

A form of psychotherapy that emphasizes the identification and modification of dysfunctional thought patterns.

Gestalt Therapy

A form of psychotherapy focusing on self-awareness and personal responsibility, emphasizing the present moment and the environmental and social contexts of a person's life.

Reframe

To reframe is to change the way a situation or set of facts is perceived, often to challenge negative thinking or to find a more positive or constructive perspective.

Unrealistic Expectations

Unrealistic expectations refer to hopes or desires that are not in line with reality or what is practically achievable, leading to potential disappointment or frustration.