If the Price Elasticity of Demand for a Product Measures

question 19

Multiple Choice

If the price elasticity of demand for a product measures 0.45, then:

• A) this good has many available substitutes.
• B) this good must be a non-essential good.
• C) this good is a high-priced good.
• D) this good is demand price inelastic.

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Definitions:

Punishment

A consequence aimed at reducing a particular behavior, often used as a behavioral modification technique.

Antecedent

An event or condition that precedes and triggers a behavior or response, often studied in behaviorism to understand and modify behavior.

Aversive Control

A behavioral control technique involving the use of unpleasant stimuli to influence the occurrence of certain behaviors.

Positive Reinforcer

A stimulus that, when presented after a behavior, increases the likelihood of that behavior happening again.