At a Price of $20 Each, the Demand for T-Shirts

question 116

Multiple Choice

At a price of $20 each, the demand for t-shirts from a group's fundraising activity is unit elastic. Thus, the group's total revenue from selling t-shirts ________ at a price of $20 each.

• A)will equal $0
• B)reaches its minimum
• C)reaches its maximum
• D)will equal $1

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Definitions:

Prejudice

Preconceived opinions or judgments about individuals or groups without sufficient knowledge, often rooted in stereotypes, leading to unfair treatment.

Discrimination

The behavioural expression of prejudice.

Attitude

(a) A relatively enduring organization of beliefs, feelings, and behavioral tendencies towards socially significant objects, groups, events, or symbols. (b) A general feeling or evaluation – positive or negative – about some person, object, or issue.

Behaviour

What people actually do that can be objectively measured.