Suppose the Absolute Price Elasticity of Demand for Newsletter Subscriptions

question 308

Multiple Choice

Suppose the absolute price elasticity of demand for newsletter subscriptions is 1.3. In order to increase the total revenues from subscriptions, the publishers should

• A) increase the price of the newsletters.
• B) reduce the price of the newsletters.
• C) sell the newsletters on the inelastic portion of its demand curve.
• D) keep the price the same.

---

Definitions:

Social Context

The environment of people, relationships, and cultural norms that shape an individual's behaviors and attitudes.

Personality Disorders

A group of mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts.

Personality Psychology

A branch of psychology that studies personality and its variation among individuals, including traits, behaviors, and patterns.

Cross-cutting Themes

Themes or ideas that apply across different areas of study, indicating commonalities or shared concerns.