A 20 Percent Increase in the Quantity of Pizza Demanded

question 98

Multiple Choice

A 20 percent increase in the quantity of pizza demanded results from a 10 percent decline in its price. The price elasticity of demand for pizza is

• A) 0.5.
• B) 2.0.
• C) 10.0.
• D) 20.0.

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Definitions:

Transference

In psychoanalytic theory, it refers to the process where patients project feelings and attitudes from a past relationship onto the therapist.

Unconscious Feelings

Emotions and desires not immediately available to conscious awareness, often influencing behavior in unseen ways.

Systematic Desensitization

A behavior therapy used to reduce phobic responses and anxiety through gradual exposure to the feared object or situation coupled with relaxation exercises.

Anxiety-Arousing

Inducing or leading to increased feelings of anxiety or stress.