The Price of Wheat Increases, but Few People Cut Back

question 39

Multiple Choice

The price of wheat increases, but few people cut back on their consumption of bread because:

• A) the price of bread is a small portion of the budget, and thus the demand for bread is inelastic.
• B) the price of bread is a large portion of the budget, and thus the demand for bread is elastic.
• C) change in the price of wheat does not affect the price of bread.
• D) None of the answers is correct.

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Definitions:

Observation

The active acquisition of information from a primary source using the senses or specialized scientific equipment.

Imitation

The action of copying or mimicking the behaviors, actions, or characteristics of others.

Strain Theory

Holds that people may turn to deviance when they experience strain. Strain results when a culture teaches people the value of material success and society fails to provide enough legitimate opportunities for everyone to succeed.

Empowering Patients

An approach in healthcare that emphasizes giving patients control over their health and medical decisions.