Which of the Following Is a "How Much" Decision

question 147

Essay

Which of the following is a "how much" decision?
A.Mary is trying to decide whether to go to work or go to college after she graduates from high school next month.
B.Andrea is trying to decide whether to go to graduate school in economics or go to law school.
C.Tim is trying to decide the amount of money to save each month in order to buy a new car next year.
D.Andy is trying to decide whether to take a prep course for the Law School Admissions Test.

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Definitions:

Advertisers

Entities that promote goods, services, or ideas through various media to persuade potential customers to respond or buy.

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over another, reflecting a preference based on perception of the brand's value.

Elastic

Describes a situation in economics where the quantity demanded or supplied of a good changes significantly in response to a change in price.

Inelastic

Describes a situation where the demand or supply for a good or service is relatively unaffected when the price changes.