Figure 5-11 -Refer to Figure 5-11.If Price Increases from $10 to $20,total

question 216

Multiple Choice

Figure 5-11
-Refer to Figure 5-11.If price increases from $10 to $20,total revenue will

• A)increase by $120,so demand must be inelastic in this price range.
• B)increase by $320,so demand must be inelastic in this price range.
• C)decrease by $120,so demand must be elastic in this price range.
• D)decrease by $320,so demand must be elastic in this price range.

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Definitions:

Cognitive Therapy

A type of psychotherapy that focuses on changing negative thought patterns to improve emotional well-being and behavior.

Contingency Management

A behavior change strategy often used in therapy to reinforce positive behaviors and reduce undesirable ones through rewards or consequences.

Counterconditioning

A therapy technique used to replace an unwanted behavior or response with a desired one by associating the behavior with a new, more positive stimulus.

Cognitive Therapy

A form of psychotherapy that emphasizes the importance of changing maladaptive thinking patterns in order to change feelings and behaviors.