The School of Thought That Sees Humans as Active Seekers

question 114

Multiple Choice

The school of thought that sees humans as active seekers of experiences, who use mental processes to shape those experiences, is _____ Psychology.

• A)Cognitive
• B)Humanistic
• C)Gestalt
• D)Behaviorist

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Definitions:

Unit Elastic

Describes a situation in which the percentage change in quantity demanded is equal to the percentage change in price, leading to no change in total revenue.

Income Elasticity

A measure of how much the demand for a good will change in response to a change in consumer's income.

Cross Elasticity

An indicator of the sensitivity in demand for a certain product in response to price fluctuations of a different product.

Percentage Change

A mathematical calculation that shows how much a number has increased or decreased compared to its previous value, expressed as a percentage.