Examlex
Which of the following is NOT an example of operant behavior?
Midpoint Formula
A method for calculating the price elasticity of demand or supply by averaging the starting and ending prices and quantities to estimate the percentage change.
Price Elasticity
A measure of the responsiveness of demand or supply to changes in price, often used to predict the effect of pricing decisions.
Unit Elastic
A situation in economic demand or supply where a change in price leads to an equal proportional change in the quantity demanded or supplied.
Price Elasticity
A metric that shows the responsiveness of the quantity of a product demanded when its price changes.
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