Which of the Following Products Is Most Likely to Have

question 43

Multiple Choice

Which of the following products is most likely to have an elastic demand?

• A)toothpicks
• B)cigarettes
• C)insulin
• D)coffee
• E)automobiles

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Definitions:

Ratio

A quantitative relationship between two numbers showing how many times the first number contains the second or is contained by it.

Intermittent Reinforcement

A conditioning schedule in which a response is only sometimes rewarded, leading to more resistant behavioral patterns.

Reinforcer

In the context of behavioral psychology, a stimulus that follows a behavior and increases the likelihood of the behavior being repeated.

Desired Behavior

Refers to the specific actions or reactions an individual or organization aims to elicit from others through various strategies or interventions.