When the Percentage Change in Quantity Demanded Is Numerically Less

question 59

Multiple Choice

When the percentage change in quantity demanded is numerically less than the percentage change in price,ceteris paribus,demand is:

• A) Elastic.
• B) Inelastic.
• C) Unitary elastic.
• D) Perfectly elastic.

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Definitions:

Negative Reinforcement

Negative reinforcement involves the removal of an undesirable or unpleasant stimulus to increase the likelihood of a particular behavior being repeated.

Positive Reinforcement

A process in psychology that involves increasing the likelihood of a behavior by following it with a desirable consequence or reward.

Negative Reinforcement

A process in behavioral psychology where the removal of an unpleasant stimulus strengthens or increases the probability of a response.

Conditioned Taste Aversion

The learned avoidance of a certain food or drink because it has been associated with an unpleasant or aversive experience.