If a College Enforces a New Policy Where Anyone Caught

question 81

Multiple Choice

If a college enforces a new policy where anyone caught cheating is immediately expelled, the basic postulate of economics suggests that

• A) cheating will be completely eliminated.
• B) fewer students will attempt to cheat.
• C) the amount of cheating will be unaffected.
• D) any of the above is possible because student behavior is unpredictable.

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a specific period.

Marginal Costs

The cost incurred by producing one additional unit of a product.

Digital Entertainment

Entertainment content and experiences delivered through digital technologies, including streaming, gaming, and virtual reality.

Elasticity

An indicator of the degree to which the demand or supply for a product varies following a price change.