Tina and Brian Work for the Same Recording Company

question 10

Multiple Choice

Tina and Brian work for the same recording company.Tina claims they would be better off by raising the price of their CDs,while Brian claims they would be better off by lowering the price.We can conclude that

• A)Tina thinks the demand for CDs has price elasticity of demand zero and Brian thinks price elasticity of demand equals 1.
• B)Tina thinks the demand for CDs has price elasticity of demand equal to 1 and Brian thinks price elasticity of demand equals zero.
• C)Tina thinks the demand for CDs is price elastic and Brian thinks it is price inelastic.
• D)Tina thinks the demand for CDs is price inelastic and Brian thinks it is price elastic.
• E)Tina and Brian should stick to singing and forget about economics.

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Definitions:

Criticizing

The act of expressing disapproval of someone or something based on perceived faults or mistakes.

Sabotaging

The deliberate action of damaging, disrupting, or hindering the success of someone's efforts or plans.

Role Ambiguity

A situation in which the expectations of a role are unclear, leading to uncertainty and difficulty in fulfilling the role effectively.

Job Demands

The physical, psychological, social, or organizational aspects of a job that require sustained physical and/or mental effort.