In Order to Encourage Participation in a Walkathon, the Organization

question 34

Multiple Choice

In order to encourage participation in a walkathon, the organization arranging the walkathon offers free items, such as a T-shirt or a water bottle, to all the participants.Which of the following principles of influence is being used in this case?

• A)Liking
• B)Authority
• C)Scarcity
• D)Reciprocation
• E)Transparency

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Definitions:

Price Elasticity

A measure that shows how much the quantity demanded of a good responds to a change in the price of that good.

Tax Borne

Refers to the entity (consumers, producers, or others) that ultimately pays the economic cost of a tax, regardless of who the tax is initially levied upon.

Subsidy Program

A government initiative designed to support businesses or individuals through financial assistance or tax benefits.

Downward Sloping

Describes a line or curve on a graph that shows a decrease in one variable as another variable increases, often used in economics to describe demand curves.