According to the Sociologist Erik Wright's Marxian Model,the______________is Made Up

question 143

Multiple Choice

According to the sociologist Erik Wright's Marxian model,the______________is made up of a number of subgroups,one of which is blue-collar workers,some of whom are highly skilled and well paid and others of who are unskilled and poorly paid.

• A)small-business class
• B)capitalist class
• C)working class
• D)managerial class

---

Definitions:

Short-Run Demand

The demand for goods and services in the immediate future, influenced by current prices and income levels.

Highly Inelastic

Describing a situation where the quantity demanded or supplied changes very little in response to changes in price.

Quantity Demanded

The amount of a product consumers are willing to buy at a specific price, differentiating from the total market demand.

Relatively Inelastic

Relatively inelastic describes a scenario where the demand or supply for a product changes only slightly in response to changes in price.