Which of the Following Is a Component of Checking Understanding

question 55

Multiple Choice

Which of the following is a component of checking understanding?

• A)Asking questions.
• B)Conveying meaning.
• C)Watching nonverbal cues.
• D)Paying attention.

---

Definitions:

Demand Increase

A situation where the quantity of a product or service that consumers are willing and able to buy at a given price rises.

Price Elasticity

The sensitivity measure of demand for a good relative to its price changes.

Demand Curve

It illustrates the relationship between the price of a good or service and the quantity demanded for a given period, assuming all other factors are constant (ceteris paribus).

Midpoint Method

A technique used in economics to calculate the elasticity of a variable, which averages the starting and ending values to minimize the bias in the elasticities calculated at different points.