The City Bus System Charges Lower Fares to Senior Citizens

question 193

Multiple Choice

The city bus system charges lower fares to senior citizens than to other passengers.Assuming that this pricing strategy increases the profits of the bus system,we can conclude that senior citizens must have a _____ demand for bus service than do other passengers.

• A)greater
• B)lower
• C)more elastic
• D)less elastic

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Definitions:

Hypothesis

An educated guess or proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Causal Attribution

The approach individuals use to ascertain the origins of their and others' conduct.

If-Then Statement

A conditional statement in logic and programming that connects an action or response to a preceding condition.

Stereotype Threat

The risk of conforming to stereotypes about one's social group, which can negatively affect performance in various domains.