Avital and Joshua Each Have Their Own Business Selling Lemonade

question 2

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.

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Definitions:

Quality

The affirmative or negative character of a categorical proposition.

Quantity

The particular or universal character of a categorical proposition.

Standard Quantifiers

Logical operators that specify the quantity of specimens in the domain of discourse that satisfy an open sentence, commonly "all" or "some."

Quantifier

In logic and mathematics, quantifiers express the quantity of specimens that satisfy a condition, typically expressed as "all," "some," or "none."