If the Elasticity of Demand for a Service Is 1,then

question 33

Multiple Choice

If the elasticity of demand for a service is 1,then the demand for that service is

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

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Definitions:

Internal Conflicts

Psychological struggles that arise from opposing desires, impulses, or feelings within a person.

Self-actualizing

The process of realizing and expressing one's own capabilities and creativity, often considered the pinnacle of psychological development in Maslow's hierarchy of needs.

Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Construal

The way an individual makes sense of the world around him.