Demand Is Inelastic Only If the Price Elasticity of Demand

question 129

Multiple Choice

Demand is inelastic only if the price elasticity of demand has an absolute value _____

• A)of 1.
• B)greater than 1.
• C)greater than 0 but less than 1.
• D)less than 0.
• E)greater than 5.

---

Definitions:

Psychoanalytic

Psychoanalytic theory is a set of psychological and therapeutic theories and techniques, which, originating from the work of Sigmund Freud, emphasizes unconscious motivations and conflicts as determinants of human behavior.

Unconscious Mind

The segment of the mind operating below the level of conscious awareness, influencing thoughts, feelings, and actions without one's explicit understanding.

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating from cultural norms.

Person-Environment Interaction

The dynamic relationship between an individual and their surroundings, influencing and being influenced by each other.