Marvin Loves Chocolate Truffles

question 515

Multiple Choice

Marvin loves chocolate truffles. As the price of a chocolate truffle increases from $1 to $2 to $3, Marvin continues to buy a dozen chocolate truffles every week. Marvin's demand for chocolate truffles is

• A) elastic.
• B) unit elastic.
• C) illustrated by a horizontal demand curve.
• D) perfectly inelastic.

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Definitions:

Union Boycotts

Actions taken by labor unions to refuse to buy, sell or handle products from a company to protest against its policies or to demand better working conditions.

American Federation of Labor

A national federation of labor unions in the United States, founded in 1886, that aimed to represent the interests of skilled workers and push for better wages, working conditions, and labor laws.

Unskilled Workers

Laborers who do not have specialized training or skills, often employed in basic tasks in various industries.

Africans-Americans

Individuals in the United States who have ancestry tracing back to the black racial groups of Africa.