A Judgment Requiring the Exercise of Taste or Sensitivity, According

question 43

Multiple Choice

A judgment requiring the exercise of taste or sensitivity, according to Sibley, is

• A) Aesthetic.
• B) Metaphorical.
• C) Non-aesthetic.
• D) Mechanical.

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Definitions:

Demand

The desire and ability of consumers to purchase goods and services at given prices.

Perfectly Elastic

Describes a situation in economics where the demand or supply for a product can vary infinitely with a small change in price.

Inelastic

A situation in which the demand for a product does not increase or decrease correspondingly with a fall or rise in its price.

Perfectly Elastic

Describes a situation where the quantity demanded or supplied changes infinitely in response to any change in price.