If the Price of a Good Decreases by 5% and the Quantity

question 126

Multiple Choice

If the price of a good decreases by 5% and the quantity demanded increases by 5%, then at that price, the good is

• A)elastic.
• B)inelastic.
• C)perfectly inelastic.
• D)unit elastic.

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Definitions:

Contextual Therapy

A form of psychotherapy that considers the patient's family, culture, society, and other contextual factors in the treatment process, emphasizing the importance of relational ethics and fairness across generations.

Gender-sensitive Therapies

Therapeutic approaches that are designed to be aware of and responsive to the different needs, experiences, and cultural contexts of individuals based on their gender.

Controlled Outcome Research

Scientific studies that evaluate the effectiveness of interventions by precisely controlling variables to determine their impact on outcomes.

Same-gender Therapy Dyads

Therapeutic pairs consisting of a therapist and client of the same gender, which might affect the therapy process and outcomes depending on the needs and preferences of the client.