Avital and Joshua Each Have Their Own Business Selling Lemonade

question 167

Multiple Choice

Avital and Joshua each have their own business selling lemonade in front of their houses. When they each charge 25 cents per glass, their total revenues are equal. However, when they each charge 40 cents per glass, Avital's revenues are bigger than Joshua's revenues. This is because:

• A) Joshua faces a more inelastic demand curve.
• B) Avital faces a more elastic demand curve.
• C) Joshua faces a more elastic demand curve.
• D) Avital faces a less inelastic demand curve.
• E) there is a market failure.

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Definitions:

Gender Diversity

The equitable representation and inclusion of various genders within a workplace or organization, aiming for a balanced distribution across all levels and roles.

Inclusion

The practice of ensuring that all individuals, regardless of their differences, have equal access to opportunities and resources within an organization or society.

Flexible Working Conditions

Employment terms that allow workers flexibility in how, when, and where they work, often aiming to balance work and personal life.

Compensatory

Pertaining to or intended to provide compensation or reparation for loss, damage, or injury.