Undergraduate Student Millie Magnificent Developed a Way to Measure Sexist

question 72

Multiple Choice

Undergraduate student Millie Magnificent developed a way to measure sexist attitudes.It worked such that a person with a score of zero truly had a neutral attitude.Also,a person who had a score of 50 had exactly double the score of someone with a score of 25.She created a(n)

• A)nominal variable.
• B)interval variable.
• C)ratio variable.
• D)ordinal variable.
• E)none of the above.

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Definitions:

Price Elasticity of Demand

A measure of the sensitivity of quantity demanded of a good to a change in its price.

Demand Curve

The graphical representation that illustrates the quantity of a particular good or service that consumers are willing and able to purchase at various price points.

Vertical Demand Curve

A vertical demand curve is a theoretical representation where the quantity demanded is completely insensitive to price changes, indicating that consumers are willing to buy the same amount regardless of the price.

Elasticity

A measure of how much the quantity demanded or supplied of a good or service changes in response to a change in price, income, or other factors.