Which of the Following, If True, Would Weaken the Case

question 14

Multiple Choice

Which of the following, if True, would weaken the case for Short and Shearer's starting a new business?

• A) Starting a new business allows an entrepreneur to determine their own working hours.
• B) Starting a new business allows an entrepreneur to establish their own clientele.
• C) Starting a new business allows an entrepreneur to use their own ideas.
• D) Starting a new business gives a potential for a feeling of great accomplishment.
• E) Starting a new business involves using an untested business model.

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Definitions:

Demand Schedule

A table or graph showing the quantity of a good that consumers are willing to purchase at each possible price.

Determinants of Demand

Factors such as price, income, preferences, and tastes that affect the buyers' willingness and ability to purchase goods and services.

Constant

A value or parameter that does not change within the context of a specific mathematical equation or scientific experiment.

Downward Sloping

Describes a line on a graph that represents a decrease in one variable in response to an increase in another, commonly used in economics to depict demand curves.