The Response in Quantity Demanded to a Price Increase in Subway

question 30

Multiple Choice

The response in quantity demanded to a price increase in subway rides:

• A) will be more elastic in six weeks than in six months.
• B) will be less elastic in six weeks than in six months.
• C) will be the same over that time period.
• D) is unpredictable without more information.

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Definitions:

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating markedly from those accepted by the individual's culture.

Binge

An episode of excessive or uncontrolled indulgence in food, drink, or other activities.

Eating Disorders

Mental disorders characterized by abnormal or disturbed eating habits, such as anorexia nervosa or bulimia nervosa.

High Perfectionist Standards

Refers to the setting of unrealistically demanding goals which one is unable to reach, often leading to disappointment and frustration.