In the Study Described in Your Text on 24 Hours

question 63

Multiple Choice

In the study described in your text on 24 hours of sleep deprivation in college students, what was the difference between objective and subjective measures of performance?

• A)Sleep-deprived subjects performed more poorly on tasks, but overestimated the effect of sleep deprivation.
• B)Sleep-deprived subjects performed poorly on tasks, but felt that they performed well.
• C)Sleep-deprived subjects showed no change in actual performance, but felt that they had performed more poorly.
• D)Objective and subjective measures of performance were identical.

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Definitions:

Relatively Inelastic

Relatively inelastic describes a scenario where the demand or supply for a product changes only slightly in response to changes in price.

Unitary Elasticity

A situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.

Percentage Increase

A measurement that calculates the degree to which a value has risen compared to its previous value, expressed as a percentage.

Price Elasticity

Measures how much the quantity demanded of a good changes in response to a change in its price.