Appiah Describes the Inability to Change One's Mind in the Face

question 19

Multiple Choice

Appiah describes the inability to change one's mind in the face of appropriate evidence, due to a personal or ideological stake in the outcome, as a

• A) rare psychological phenomenon.
• B) failure of moral character.
• C) cognitive incapacity.
• D) All of the above

---

Definitions:

Very Elastic

A description of a demand or supply curve which shows that the quantity demanded or supplied changes significantly as price changes.

Unit Elastic

A situation in which a one percent change in price causes an equal percentage change in quantity demanded or supplied.

Very Inelastic

Describes a situation where the demand or supply for a product is barely affected by changes in the price.

Calculate Elasticity

entails determining the degree to which the quantity demanded or supplied of a good changes in response to a change in its price.