When the Supply Curve of Slaves Is Perfectly ________, Every

question 55

Multiple Choice

When the supply curve of slaves is perfectly ________, every slave bought by the redeemers results in/is ________ held in captivity.

• A) inelastic; more slaves
• B) inelastic; one less slave
• C) inelastic; redeemed at a lower price than expected
• D) elastic; redeemed at a higher price than expected

---

Definitions:

Self-fulfilling

A prediction or expectation that causes itself to become true by the very terms set forth or by the behaviors it induces.

Evolutionary Theory

A scientific explanation of the origins of species of plants and animals, emphasizing natural selection and genetic variation.

Gender Differences

Variations in the roles, behaviors, and attributes typically associated with being male or female.

Penetration Pricing

A strategy where a new product is introduced to the market at a low initial price to attract customers quickly and gain market share.