Which Is NOT a Determinant of the Elasticity of Demand

question 66

Multiple Choice

Which is NOT a determinant of the elasticity of demand?

• A)The proportion of income consumers spend on the good
• B)The number of sellers
• C)The availability of substitutes
• D)Time

Recognize the structure and essential components of memos.

Understand the requirements for page numbering in formal reports.

Recognize appropriate salutations and openings in business communication.

Understand the use of enclosure notations in business letters.

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Definitions:

Discriminative Stimulus

A stimulus in the presence of which a particular response will be reinforced or punished, indicating when a behavior is likely to have a consequence.

Lashley-Wade

Refers to research conducted by Lashley and Wade on learning and memory, often associated with the principles of brain function and the localization of memory.

Training Stimulus

A specific environmental event or condition presented with the purpose of eliciting a particular response during the learning process.

Test Stimuli

Specific items or presentations used in experimental settings to elicit responses from subjects under study, aimed at investigating behaviors, perceptions, or cognitive processes.