Amir Was Telling Janus About the Situation of Ahmed,a Former

question 95

Multiple Choice

Amir was telling Janus about the situation of Ahmed,a former high-school classmate.Janus,who is taking a sociology of education course exclaims,"It doesn't surprise me-it's one of the iron laws." What did Amir disclose to Janus?

• A) Ahmed,who grew up in a series of foster homes,had been awarded a four-year scholarship to Princeton.
• B) Ahmed,whose parents had to borrow money for his tuition,had dropped out of university.
• C) Ahmed,who received a large weekly allowance from his parents,was failing almost every one of his classes,since he'd rather party than study.
• D) Ahmed,who was raised by his mom,was receiving the highest marks in all of his courses.

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Definitions:

Inelastic

Describing demand or supply with little to no response to changes in price.

Quantity Demanded

The amount of a good or service that consumers are willing to purchase at a given price over a specified period.

Price Elasticity

A measure in economics of how the quantity demanded of a good or service changes in response to a change in its price.

Quantity Supplied

The amount of goods or services that producers are willing and able to sell at a specific price.