Which Type of Behavioural Evaluations Focus on Specific Actions

question 134

Multiple Choice

Which type of behavioural evaluations focus on specific actions?

• A) contractual
• B) deontological
• C) ontological
• D) teleological

---

Definitions:

Elastic Demand

Refers to a situation where the quantity demanded of a good or service significantly changes in response to a change in its price. High elasticity indicates that consumers are more sensitive to price changes.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase.

Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price, income levels, or other factors.

Perfectly Inelastic

A situation where demand or supply does not change in response to a change in price.