All of the Following Are True Regarding the Relationship Between

question 398

Multiple Choice

All of the following are true regarding the relationship between price elasticity of demand and total revenues EXCEPT

• A) when market demand is elastic, if the market price declines, then total revenues will rise.
• B) when market demand is unit elastic, if the market price rises, then total revenues will not change.
• C) when market demand is inelastic, if the market price falls, then total revenues will decrease.
• D) when market demand is inelastic, if the market price rises, then total revenues will decrease.

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Definitions:

Cognitive Therapy

A form of psychotherapy that aims to change negative patterns of thinking or behavior that contribute to an individual's psychological distress.

Token Economy

A behavioral modification system based on the systematic reinforcement of target behavior through the distribution and exchange of tokens.

Counterconditioning

A behavior therapy technique where a maladaptive response to a stimulus is replaced with a more desirable one.

Aversive Conditioning

A type of conditioning that uses negative stimuli to invoke a change in behavior, creating an association between the behavior and undesirable outcomes.