According to the Textbook, It Does Not Make Sense to Ask

question 20

Multiple Choice

According to the textbook, it does not make sense to ask who the characters in a parable really were because parables

• A) are about lessons, not about history.
• B) are never used as an important part of religious story-telling.
• C) are totally clear without having to analyze them much.
• D) can mean anything you want them to mean.

---

Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Price Elasticity

The determination of how price alterations influence the market demand for a commodity.

Marginal Value

The additional satisfaction or utility received by consuming one more unit of a good or service.

Consumer's Demand

The desire of purchasers, users, or consumers for specific goods or services at a given price over a specified period.