Two People Are Standing Together in an Elevator, but They

question 48

Multiple Choice

Two people are standing together in an elevator, but they do not speak to each other or look each other in the eye. Erving Goffman called this type of interaction:

• A) sociological interaction.
• B) social attention.
• C) civil inattention.
• D) uncivil behavior.

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Definitions:

Unit Elastic

A situation where a one percent change in price leads to an exactly one percent change in the quantity demanded or supplied.

Profit Maximizing

The process or strategy of setting production levels or prices to achieve the highest possible profit given production costs and market conditions.

Price

The amount of money required to purchase a good, service, or asset.

Green Ink Pads

Small, flat surfaces soaked with green ink used for stamping or printing purposes.