Which of the Following Uses a Deductive Approach to Persuasion

question 44

Multiple Choice

Which of the following uses a deductive approach to persuasion?

• A) Our stock price is like a marathon runner, slowly making progress towards our goal.
• B) Because the stock price of our company fell, the entire market will probably also decline.
• C) Because the stock market has been falling lately, share prices of our company stock will probably also decline.
• D) None of the above.

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Definitions:

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of consumers to price changes.

Gasoline Consumption

The total volume of gasoline used by vehicles within a country or region, often measured in gallons or liters per capita.

Perfectly Inelastic

A situation in economics where the quantity demanded or supplied does not change regardless of changes in price.

Elasticity

A measure in economics that denotes the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.