The Wall Street Journal magazine offers a significant discount to students who purchase a one-year subscription. If the reason for the discount is price discrimination, we can conclude that:
Options:
a. students have a more elastic demand for newspapers than does the general public.
b. students have a less elastic demand for newspapers than does the general public.
c. there is no difference between a student's elasticity of demand for newspapers and any other person's elasticity of demand.
d. students have a perfectly inelastic demand for newspapers.
Answer:
a. students have a more elastic demand for newspapers than does the general public.
Explanation:
We can make this conclusion ased on the information we have about elastic demand.
A more elastic demand means that a consumer (in this case the students), are more sensitive to price and so desire things (the magazine) more as they become less expensive. In other words, their demand can quickly change negatively if there's a degree change in price.
Answer:
the formation of a labor union
Explanation:
Labor unions are often formed for this purpose. Workers have more power when they join together in a union. This way they are able to demand higher wages and other things like better working conditions.
Answer:
d. It can usually be synced to a handheld device
Explanation:
One helpful feature of most Web 2.0 organization software is that it can usually be synced to a handheld device.
Answer:
Call an all staff meeting and give everyone the news
Explanation:
Rumors are never good, but rumors about who is getting fired are terrible. I suppose Ben is a supervisor or a manager, and it is his duty to try to prevent false rumors from spreading and panicking the employees. The simple fear of being fired can depress a person or motivate him/her, but the results are unknown until they happen. Ben cannot risk a decrease in productivity because his staff is worried about who is getting fired.
The best way to deal with this is to talk to them directly, as a group, not individually, and let them know what is going on. This is the only way that he can stop rumors, and leave no room for misinterpretation or exaggerations.
Answer: Yes it was a reasonable response to the change.
Explanation: It was a reasonable response to the change because there was surprise and fear of the unknown.