In his Law of suffering, Gandhi highlighted the necessity of embracing non-violent measures to conquer an adversary. He emphasized that enduring suffering with courage could transform a challenging circumstance or person into surrender. This approach requires undergoing suffering willingly, without harboring bitterness or hatred towards those responsible.
Response:
C. a 5% reduction in price results in a 7.5% rise in quantity demanded
Clarification:
To arrive at this conclusion, we utilize the price elasticity of demand equation
Price elasticity = %change in quantity demanded/% change in price
Next, we substitute the relevant values into the equation
1.5 = 7.5% / 5%
This confirms that the proper answer is C as dividing 7.5 by 5 yields a value of 1.5.
An elasticity value of 1.5 indicates that the product is fairly elastic: implying the quantity demanded will adjust more significantly than the price. This is evident in the current scenario: quantity demanded increased by 7.5%, while the price only decreased by 5%.
Self-made entrepreneur
Clarification:
A self-made entrepreneur is defined as someone who establishes a business from ground zero, without external assistance. Typically, this business begins from an idea that the entrepreneur is genuinely interested in. For Jules Sylvester, this interest revolved around reptiles. He smartly transformed his fascination into a business venture, leveraging his knowledge and affection for animals, which are essential to his enterprise. Like many self-made entrepreneurs, he embarked on this journey without any financial backing and likely faced multiple challenges along the way.
Answer:
4. Kantian Ethics
Explanation:
Immanuel Kant, a renowned German philosopher, is primarily recognized for his contributions to the field of Ethics.
He coined the term "Categorical Imperative" which represents a universal principle of morality applicable to everyone. Essentially, it implies that all moral dilemmas should be addressed by employing this categorical imperative.
In simpler terms, we should refrain from actions we wouldn't want everyone else to replicate.
