Tina and Brian Work for the Same Recording Company

question 82

Multiple Choice

Tina and Brian work for the same recording company. Tina claims they would be better off by raising the price of their CDs, while Brian claims they would be better off by lowering the price. Choose the correct statement.

• A)Tina thinks the demand for CDs has price elasticity of demand equal to zero, and Brian thinks price elasticity of demand equals 1.
• B)Tina thinks the demand for CDs has price elasticity of demand equal to 1, and Brian thinks price elasticity of demand equals zero.
• C)Tina thinks the demand for CDs is price elastic, and Brian thinks it is price inelastic.
• D)Tina thinks the demand for CDs is price inelastic, and Brian thinks it is price elastic.
• E)Tina and Brian should stick to singing and forget about economics.

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Definitions:

Positive Behaviors

Actions that are beneficial, constructive, or productive in nature, often encouraged for their positive impact on individuals and societies.

Negative Influences

Negative Influences are factors or agents that can lead to detrimental effects on individuals' behavior, decisions, or well-being, steering them toward harmful paths.

Social Media Users

People who engage with social media platforms to communicate, share content, or network.

Public Discourse

The exchange of ideas and information among the public, often through media channels, on matters of common interest.