If the Price of a Good Increases from $3 to $4

question 505

Multiple Choice

If the price of a good increases from $3 to $4, and the quantity demand remains unchanged, then the demand is

• A) perfectly inelastic.
• B) perfectly elastic.
• C) somewhat elastic.
• D) infinite.

---

Definitions:

Gilligan

Carol Gilligan is a psychologist known for her work in ethical community and moral development, often criticizing theories by highlighting gender differences.

Morality of justice

Concerns principles of fairness, rights, and equality in ethical reasoning and decision-making.

Primitive instincts

Basic innate urges or behaviors that are thought to stem from early human history, vital for survival and reproduction.

Freud

Sigmund Freud, an Austrian neurologist known for founding psychoanalytic theory, which proposes that human behavior is influenced by unconscious motivations.