Thursday, May 21, 2020

Essay Hamlets soliloquy - 841 Words

William Shakespeare’s Hamlet is a complex play regarding the kingdom of Denmark, and the unusual stage it is going through. The main focus of the play concerns Hamlet, prince of Denmark, and his feeling of ambiguity toward his recently lost father and his remarried mother. Hamlet is a complicated character who plays assorted roles in order to manipulate people. These various roles make it problematic to develop a sense of the real Hamlet. Only during the soliloquies is the reader given a chance to understand Hamlet, they allow the reader to attempt to decipher who is the real Hamlet and what is an act. The first soliloquy allows the reader to initially delve into the character of Hamlet, by showing his anger and distaste towards his†¦show more content†¦He quickly decides that suicide is not an option because it is against God. This is evident when Hamlet says, â€Å"Or the Everlasting had not fixed/His canon ‘gainst self-slaughter†(I.ii.131-132). Once Ha mlet discards the idea of suicide due to its ungodly nature, his true thoughts on women specifically his mother come out. nbsp;nbsp;nbsp;nbsp;nbsp;Hamlets true thoughts about his mother’s marriage quickly come out, he states, â€Å"Fie on’t, ah, fie, ‘tis an unweeded garden/That grows to seed. Things rank and gross in nature/Possess it merely†(I.ii.135-137). This clearly shows his distain toward the incestuous condition of his mother’s marriage. nbsp;nbsp;nbsp;nbsp;nbsp;Hamlet is not just upset at his mother’s marriage because of its incestuous sate, but also because of the type of man Claudius is. In the soliloquy hamlet says that though Claudius is the brother of king Hamlet, it is clear to him that no similarities between them. Hamlet compares his uncle to a satyr while his father he describes as a Hyperion, the sun god, a model of beauty. At this point, Hamlet has worked himself up so much that is no long just his mother he is troubled with. Hamlet is troubled by the whole species of women, which is very evident when he says, â€Å"Let me not think on’t; fraility, they name is woman† (I.ii.146). nbsp;nbsp;nbsp;nbsp;nbsp;The essence of this soliloquy is not focused on the frailty of women or theShow MoreRelatedHamlet Soliloquies 1832 Words   |  8 PagesHamlet was written in the early 1600s.The tragedy of Hamlet is one of William Shakespeares most famous plays. It is popular because of the way Shakespeare uses Hamlet to show the complexity of the human mind is. Shakespeare uses soliloquies to reveal Hamlet’s innermost thoughts. Through the soliloquies, the audience learns of Hamlets struggle to face his internal conflicts, deciding when to avenge his father and his disgusted feelings about his mother’s lustful marriage. Also the soliloquies, whichRead MoreHamlet Soliloquy Analysis Essay626 Words   |  3 PagesHamlet, the main character of William Shakespeare’s play Hamlet, is one of the most complex characters ever created. His intricacy can be seen in the amount of soliloquies he speaks throughout the play. Each one of Hamlet’s soliloquies r eveals his innermost thoughts and gives the reader or audience insight as to what he is feeling at that time. Hamlet’s quartet of soliloquies illustrates how Hamlet is initially indecisive, but eventually makes a decision to take revenge against his uncle. In Hamlet’sRead MoreHamlet Soliloquy Speech1816 Words   |  8 PagesBeethoven’s â€Å"Ode to Joy†, Shakespeare’s ponderous soliloquy seems to be more famous for its fame than for its merits, though it has many. How do directors and actors convince their audiences to engage with Hamlet’s words, when the audience is more inclined to be pulled into their own thoughts and ideas about the soliloquy as soon as they hear the signifier of â€Å"To be†? I will be examining approaches taken by directors and actors across the history of filmed Hamlets to create Hamlet’s famous speech, focusingRead MoreSoliloquies in Hamlet by William Shakespeare Essay1042 Words   |  5 PagesA soliloquy is a literacy device that is used to reveal the innermost thoughts of a character. Shakespeare uses soliloquies to expose fascinating insights into the thoughts and actions of Hamlet and in doing so: the readers can grasp his character. The first soliloquy of the play, introduces the main theme for the rest of hamlet’s thoughts and actions, this soliloquy allows the audience to understand hamlets inner thoughts that are repetitive throughout the play. Secondly, Hamlet’s famous soliloquyRead MoreEssay on The Use of Soliloquy in Shakespeares Hamlet1175 Words   |  5 Pages A Soliloquy is a dramatic convention, in which the character stands alone on stage, speaking. Originally it was a plot device, to enable a character to tell the audience what he planned to do next, for example, in the course of revenge. But the device is heightened in Shakespeare as it enables a character to reveal the amp;#8216;inner soulamp;#8217; to the audience without telling the other characters. It is usual that one discovers more of a character from a soliloquy than from the action ofRead More Hamlet: Soliloquies Essay1204 Words   |  5 PagesHamlet: Soliloquies Hamlet, one of Shakespeare’s tragic plays, portrays the story of a young man’s quest to avenge his murdered father and his quest to find his true identity. In his soliloquies, Prince Hamlet reveals to the readers his personal perceptions of the events that take place in his homeland, Denmark, and of which are either indirectly or directly tied to his father’s murder. Many critics and scholars agree that while Hamlet’s soliloquies reveal the search of his identity and true characterRead MoreHamlet - Soliloquies Essay1481 Words   |  6 PagesHamlet In Shakespeares Hamlet, the tragic hero reveals his inner conflicts and introspective attitude in each of the lengthy soliloquies in the play. Hamlet is a static character whose thoughts never dramatically change. Each soliloquy delves further into Hamlets motivations, or lack thereof, and psyche. Each soliloquy, each slightly different, is all united by vivid imagery, introspective language, and discussion of H amlets delay of action. The first soliloquy serves to set the stage for theRead MoreUnderstanding the Mind of Hamlet with His Soliloquies Essay678 Words   |  3 PagesUnderstanding the Mind of Hamlet with His Soliloquies The term soliloquy is a literary or dramatic form of discourse, within which a character talks to himself and reveals his inner thoughts without addressing a listener. Hamlet uses soliloquies to express his feelings towards his dead father and self loathing to the reader of the play but to none of the characters within it. Hamlet has a complex character and it is important for the audience to be able to understandRead More Soliloquy and Revenge in Hamlet Essay662 Words   |  3 PagesSoliloquy and Revenge in Hamlet      Ã‚  Ã‚   The soliloquy is a literary device that is employed to unconsciously reveal an actors thoughts to the audience. In William Shakespeares, Hamlet, Hamlets soliloquy in Act II, ii, (576-634) depicts his arrival at a state of vengeful behaviour through an internal process. Hamlet moves through states of depression and procrastination as he is caught up in the aftermath of the murder of his father and the marriage of his mother to his uncle. The soliloquyRead MoreUse of Soliloquies in Hamlet Essay941 Words   |  4 PagesA soliloquy is a speech in a play that is meant to be heard by the audience but not the other characters on the stage. In the play Hamlet by William Shakespeare, the use of soliloquies allows the audience to know what the characters are feeling and what their pure motives are. They are also able to hear the characters’ thoughts directly. The character’s secrets are revealed only to the audience which gives way for irony to take a part in the play. Shakespeare uses soliloquies throughout the play

Wednesday, May 6, 2020

Essay on Ethics Game Simulation Reflective Journal

Ethics Game Simulation Reflective Journal Ethics Game Simulation Reflective Journal Ethics is defined as â€Å"the branch of philosophy concerned with evaluating human action†¦ meaning character, customs, or habitual uses, ethics encompasses a process of determining right conduct from wrong.† (Guido, 2010, p. 3). Nurses are confronted with numerous ethical dilemmas that are intertwined with legal issues. Concepts of ethical and legal concepts are frequently interplayed and decisions between the two are often intricate. One must go through steps of the critical decision process and contemplation among the four lenses for the best solution. The four lenses include the Rights and Responsibility lens, the Results lens, the†¦show more content†¦Additionally to challenge the parents of their intentions may introduce negative feelings and violate their right to autonomy. Although the parents disapprove of their daughters premarital pregnancy, they would not want any harm to come to her. Through educating the parents on the severity of the circ umstances they can be guided, and not forced, to make the right decision. The second scenario presents an unconscious patient whose same-sex domestic partner was denied access for visitation. The written policy of the hospital is to treat domestic partners like married couples. The supervisor that made the call used their own interpretation of the policy clouded by their own agenda. The ethical dilemma in this situation is that equal rights that allow the same accessibility for domestic partner should be provided without discrimination to gender. The organization’s core value was clearly violated here, and interventions need to be made. Relationship lens and the Reputation lens were used in this scenario along with nurse’s duty to treat everyone as equals. It is basic human rights to have their own support system in a time of need. Especially in the case where the patient is unconscious, their domestic partner would be the one person who understands their wants and nee ds. It is unethical to deny visitation privileges based on race, religion, sexual orientation, color, or disability. In cases where it is medical appropriate,Show MoreRelatedReflective Journal on Ethics Game Simulation Essay1371 Words   |  6 PagesReflective Journal on Ethics Game Simulation Maria R. Brook HCS/478 Health Law and Ethics January 23rd, 2012 Caroline Etland, PhD, RN Reflective Journal on Ethics Game Simulation In this journal I will write my reflections on two ethical dilemmas presented in Ethics Games online simulation, which has been designed to teach students how to make ethical decisions through a practical and repeatable decision model. Ethical Issue #1 Presented During my Shift Near the beginning of my shiftRead MoreEthics Game Reflective Journal1042 Words   |  5 PagesEthics Game Reflective Journal HCS/478 Health Law and Ethics April 16, 2012 Judy Ceppaglia Ethics Game Reflective Journal Ethical dilemmas surface daily in professional nursing practice. Whether you work in acute care, long-term care, hospice care, ambulatory care, managed care, or public health care chances are you will be responsible for making decisions in a situation of ethical concern. The purpose of this paper is to reflect on the ethical issues presented in the Ethics Game simulationRead MoreEthics Game1353 Words   |  6 PagesEthics Game Simulation Reflective Journal Nannette Johnstone HCS 478 February 7, 2012 Barbara Scheibe, RNC, MSN Ethics Game Simulation Reflective Journal This journal contains my reflections of the Ethics Game simulation assignment. The purpose of this assignment is to help me understand how to make ethical decisions using a decision model. Ethical Issue #1-Presented during my shift We have a 16 year old pregnant patient (RB), in her tenth hour of labor. Her parents are present and haveRead MoreEthics Game1108 Words   |  5 PagesEthics Game Dilemma Chad Zingarelli University of Phoenix Joseph Becker October 11, 2012 Ethics Game Dilemma After completing the Ethics game II case, it has been determined that there are two ethical issues presented for management to review, and make the most ethical decision that will not harm the company. The first dilemma deals with the possibility of harassment in the office. There is a chance that an employee named Bill is harassing an employee named Gayle in the office. 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Using other sources of current literature, I will use a reflective model to discuss howRead MoreMethod of Teaching and Lear ning18614 Words   |  75 Pageseveryday clinical practice †¢ Apply some of the major theories of learning and teaching from Higher Education and healthcare contexts to your own teaching practice †¢ Utilise a wider range of teaching methods with students and trainees †¢ Develop a reflective approach to teaching and learning which you can utilise in your own continuing professional development Contents †¢ Acknowledgements †¢ Introduction †¢ The changing NHS: what does this mean for teachers and learners? †¢ The learning environment – ‘learnerRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesBounded Rationality, and Intuition 175 †¢ Common Biases and Errors in Decision Making 177 Influences on Decision Making: Individual Differences and Organizational Constraints 184 Individual Differences 184 †¢ Organizational Constraints 186 What About Ethics in Decision Making? 187 Three Ethical Decision Criteria 187 †¢ Improving Creativity in Decision Making 188 Summary and Implications for Managers 190 S A S A S A L L L Self-Assessment Library What Are My Gender Role Perceptions? 166 glOBalizationRead MoreOrganisational Theory230255 Words   |  922 Pagesapproaches to organization theory, there is a widely perceived need to bring some order to the field. This textbook offers a well-integrated synthesis of approaches to organization theory. 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Volberda, Chair of the Department of Strategic Management Business Environment and Vice-Dean of the RSM Erasmus University, Netherlands At lastRead MoreFundamentals of Hrm263904 Words   |  1056 PagesPractices 6 Recruiting 7 Employee Selection 7 Training and Development 7 Ethics and Employee Rights 7 Motivating Knowledge Workers 7 Paying Employees Market Value 8 Communications 8 Decentralized Work Sites 8 Skill Levels 8 A Legal Concern 8 Employee Involvement 20 How Organizations Involve Employees 20 Employee Involvement Implications for HRM 20 Other HRM Challenges 21 Recession 21 Off Shoring 21 Mergers 22 A Look at Ethics 22 Summary 23 Demonstrating Comprehension: Questions for Review 24 KeyRead MoreSustainable Solutions Paper wk 7 draft16370 Words   |  66 Pagescapabilities, threats and opportunities, the implications are that Dell is poised to continue being a leader in this industry. 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Answer to Chapter Free Essays

Chapter 5 – Mankiw SOLUTIONS TO TEXT PROBLEMS: Quick Quizzes 1. The price elasticity of demand is a measure of how much the quantity demanded of a good responds to a change in the price of that good, computed as the percentage change in quantity demanded divided by the percentage change in price. When demand is inelastic (a price elasticity less than 1), a price increase raises total revenue, and a price decrease reduces total revenue. We will write a custom essay sample on Answer to Chapter or any similar topic only for you Order Now When demand is elastic (a price elasticity greater than 1), a price increase reduces total revenue, and a price decrease increases total revenue. When demand is unit elastic (a price elasticity equal to 1), a change in price does not affect total revenue. 2. The price elasticity of supply is a measure of how much the quantity supplied of a good responds to a change in the price of that good, computed as the percentage change in quantity supplied divided by the percentage change in price. The price elasticity of supply might be different in the long run than in the short run because over short periods of time, firms cannot easily change the sizes of their factories to make more or less of a good. Thus, in the short run, the quantity supplied is not very responsive to the price. However, over longer periods, firms can build new factories, expand existing factories, close old factories, or they can enter or exit a market. So, in the long run, the quantity supplied can respond substantially to a change in price. 3. A drought that destroys half of all farm crops could be good for farmers (at least those unaffected by the drought) if the demand for the crops is inelastic. The shift to the left of the supply curve leads to a price increase that will raise total revenue if the price elasticity of demand is less than 1. No one farmer would have an incentive to destroy his crops in the absence of a drought because he takes the market price as given. Only if all farmers destroyed a portion of their crops together, for example through a government program, would this plan work to make farmers better off. Questions for Review 1. The price elasticity of demand measures how much quantity demanded responds to a change in price. The income elasticity of demand measures how much quantity demanded responds to changes in consumer income. 2. The determinants of the price elasticity of demand include how available close substitutes are, whether the good is a necessity or a luxury, how broadly defined the market is, and the time horizon. Luxury goods have greater price elasticities than necessities, goods with close substitutes have greater elasticities, goods in more narrowly defined markets have greater elasticities, and the elasticity of demand is greater the longer the time horizon. . The main advantage of using the mid-point formula is that it uses a constant base whether the change in price or quantity demanded is an increase or a decrease. 87 88 Chapter 5/Elasticity and Its Application 4. An elasticity greater than one means that demand is elastic. When the elasticity is greater than one, the percentage change in quantity demanded exceeds the percentage change in price. When the elasticity equals zero, dema nd is perfectly inelastic. There is no change in quantity demanded when there is a change in price. 5. Figure 1 presents a supply-and-demand diagram, showing the equilibrium price, the equilibrium quantity, and the total revenue received by producers. Total revenue equals the equilibrium price times the equilibrium quantity, which is the area of the rectangle shown in the figure. Figure 1 6. If demand is elastic, an increase in price reduces total revenue. With elastic demand, the quantity demanded falls by a greater percentage than the price rises. As a result, total revenue declines. 7. A good with income elasticity less than zero is called an inferior good because as income rises, the quantity demanded declines. . The price elasticity of supply is calculated as the percentage change in quantity supplied divided by the percentage change in price. It measures how much quantity supplied responds to changes in price. 9. The price elasticity of supply of Picasso paintings is zero, because no matter how high price rises, no more can ever be produced. 10. The price elasticity of supply is usually larger in the long run than it is in the short run. Over short periods of time, firms cannot easily change the sizes of their factories to make more or less of a good, so the quantity supplied is not very responsive to price. Over longer periods, firms can build new factories or close old ones, so the quantity supplied is more responsive to price. 11. Because the demand for drugs is likely to be inelastic, an increase in price will lead to a rise in total expenditure. Therefore, drug users may resort to theft or burglary to support their habits. Chapter 5/Elasticity and Its Application Problems and Applications 89 1. a. Mystery novels have more elastic demand than required textbooks, because mystery novels have close substitutes and are a luxury good, while required textbooks are a necessity with no close substitutes. If the price of mystery novels were to rise, readers could substitute other types of novels, or buy fewer novels altogether. But if the price of required textbooks were to rise, students would have little choice but to pay the higher price. Thus, the quantity demanded of required textbooks is less responsive to price than the quantity demanded of mystery novels. b. Beethoven recordings have more elastic demand than classical music recordings in general. Beethoven recordings are a narrower market than classical music recordings, so it is easy to find close substitutes for them. If the price of Beethoven recordings were to rise, people could substitute other classical recordings, like Mozart. But if the price of all classical recordings were to rise, substitution would be more difficult. (A transition from classical music to rap is unlikely! ) Thus, the quantity demanded of classical recordings is less responsive to price than the quantity demanded of Beethoven recordings. c. Subway rides during the next five years have more elastic demand than subway rides during the next six months. Goods have a more elastic demand over longer time horizons. If the fare for a subway ride was to rise temporarily, consumers could not switch to other forms of transportation without great expense or great inconvenience. But if the fare for a subway ride was to remain high for a long time, people would gradually switch to alternative forms of transportation. As a result, the quantity demanded of subway rides during the next six months will be less responsive to changes in the price than the quantity demanded of subway rides during the next five years. d. Root beer has more elastic demand than water. Root beer is a luxury with close substitutes, while water is a necessity with no close substitutes. If the price of water were to rise, consumers have little choice but to pay the higher price. But if the price of root beer were to rise, consumers could easily switch to other sodas. So the quantity demanded of root beer is more responsive to changes in price than the quantity demanded of water. 2. a. For business travelers, the price elasticity of demand when the price of tickets rises from $200 to $250 is [(2,000 – 1,900)/1,950]/[(250 – 200)/225] = 0. 05/0. 22 = 0. 23. For vacationers, the price elasticity of demand when the price of tickets rises from $200 to $250 is [(800 – 600)/700] / [(250 – 200)/225] = 0. 29/0. 22 = 1. 32. b. The price elasticity of demand for vacationers is higher than the elasticity for business travelers because vacationers can choose more easily a different mode of transportation (like driving or taking the train). Business travelers are less likely to do so because time is more important to them and their schedules are less adaptable. 3. a. The percentage change in price is equal to (2. 20 – 1. 00)/2. 00 = 0. = 20%. If the price elasticity of demand is 0. 2, quantity demanded will fall by 4% in the short run [0. 20 ? 0. 20]. If the price elasticity of demand is 0. 7, quantity demanded will fall by 14% in the long run [0. 7 ? 0. 2]. b. Over time, consumers can make adjustments to their homes by purchasing alternative heat sources such as natural gas or electric furnaces. Thus, they can respond more eas ily to the change in the price of heating oil in the long run than in the short run. 90 Chapter 5/Elasticity and Its Application 4. If quantity demanded fell, price must have risen. If total revenue rose, then the percentage increase in the price must be greater than the percentage decline in quantity demanded. Therefore, demand is inelastic. 5. Both Billy and Valerie may be correct. If demand increases, but supply is â€Å"totally† inelastic, equilibrium price will rise but the equilibrium quantity will remain the same. This would also occur if supply decreases and demand is â€Å"totally† inelastic. Marian is incorrect. If supply and demand both rise, equilibrium quantity will increase, but the impact on equilibrium price is indeterminate. 6. a. If our income is $10,000, your price elasticity of demand as the price of compact discs rises from $8 to $10 is [(40 – 32)/36]/[(10 – 8)/9] =0. 22/0. 22 = 1. If your income is $12,000, the elasticity is [(50 – 45)/47. 5]/[(10 – 8)/9] = 0. 11/0. 22 = 0. 5. b. If the price is $12, your income elasticity of demand as your income increases from $10,000 to $12,000 is [(30 – 2 4)/27]/[(12,000 – 10,000)/11,000] = 0. 22/0. 18 = 1. 22. If the price is $16, your income elasticity of demand as your income increases from $10,000 to $12,000 is [(12 – 8)/10]/[(12,000 – 10,000)/11,000] = 0. 40/0. 18 = 2. 2. 7. Yes, an increase in income would decrease the demand for good X because the income elasticity is less than zero, indicating that good X is an inferior good. A decrease in the price of good Y will decrease the demand for good X because the two goods are substitutes (as indicated by a cross-price elasticity that is greater than zero). 8. a. If Maria always spends one-third of her income on clothing, then her income elasticity of demand is one, because maintaining her clothing expenditures as a constant fraction of her income means the percentage change in her quantity of clothing must equal her percentage change in income. . Maria’s price elasticity of clothing demand is also one, because every percentage point increase in the price of clothing would lead her to reduce her quantity purchased by the same percentage. c. Because Maria spends a smaller proportion of her income on clothing, then for any given price, her quantity demanded will be lower. Thus, her demand curve has shif ted to the left. Because she will again spend a constant fraction of her income on clothing, her income and price elasticities of demand remain one. 9. a. If quantity demanded falls by 4. 3% when price rises by 20%, the price elasticity of demand is 4. /20 = 0. 215, which is fairly inelastic. b. Because the demand is inelastic, the Transit Authority’s revenue rises when the fare rises. c. The elasticity estimate might be unreliable because it is only the first month after the fare increase. As time goes by, people may switch to other means of transportation in response to the price increase. So the elasticity may be larger in the long run than it is in the short run. 10. Tom’s price elasticity of demand is zero, because he wants the same quantity regardless of the price. Jerry’s price elasticity of demand is one, ecause he spends the same amount on gas, no matter what the price, which means his percentage change in quantity is equal to the percentage change in p rice. Chapter 5/Elasticity and Its Application 91 11. a. With a price elasticity of demand of 0. 4, reducing the quantity demanded of cigarettes by 20% requires a 50% increase in price, because 20/50 = 0. 4. With the price of cigarettes currently $2, this would require an increase in the price to $3. 33 a pack using the midpoint method (note that ($3. 33 – $2)/$2. 67 = . 50). b. The policy will have a larger effect five years from now than it does one year from now. The elasticity is larger in the long run, because it may take some time for people to reduce their cigarette usage. The habit of smoking is hard to break in the short run. c. Because teenagers do not have as much income as adults, they are likely to have a higher price elasticity of demand. Also, adults are more likely to be addicted to cigarettes, making it more difficult to reduce their quantity demanded in response to a higher price. 12. In order to determine whether you should raise or lower the price of admissions, you need to know if the demand is elastic or inelastic. If demand is elastic, a decline in the price of admissions will increase total revenue. If demand is inelastic, an increase in the price of admissions will cause total revenue to rise. 13. a. As Figure 2 shows, the increase in supply reduces the equilibrium price and increases the equilibrium quantity in both markets. b. In the market for pharmaceutical drugs (with inelastic demand), the increase in supply leads to a relatively large decline in the equilibrium price and a small increase in the equilibrium quantity. Figure 2 c. In the market for computers (with elastic demand), the increase in supply leads to a relatively large increase in the equilibrium quantity and a small decline in the equilibrium price. d. Because demand is inelastic in the market for pharmaceutical drugs, the percentage increase in quantity will be lower than the percentage decrease in price; thus, total 92 Chapter 5/Elasticity and Its Application consumer spending will decline. Because demand is elastic in the market for computers, the percentage increase in quantity will be greater than the percentage decrease in price, so total consumer spending will increase. 4. a. As Figure 3 shows, the increase in demand increases both the equilibrium price and the equilibrium quantity in both markets. b. In the market for beachfront resorts (with inelastic supply), the increase in demand leads to a relatively large increase in the equilibrium price and a small increase in the equilibrium quantity. c. In the market for automobiles (with elastic supply), the increase in demand leads to a relatively large increase in the equilibrium quantity and a small increase in equilibrium price. d. In both markets, total consumer spending rises, because both equilibrium price and equilibrium quantity rise. Figure 3 15. a. Farmers whose crops were not destroyed benefited because the destruction of some of the crops reduced the supply, causing the equilibrium price to rise. b. To tell whether farmers as a group were hurt or helped by the floods, you would need to know the price elasticity of demand. It could be that the total revenue received by all farmers as a group actually rose. 16. A worldwide drought could increase the total revenue of farmers if the price elasticity of demand for grain is inelastic. The drought reduces the supply of grain, but if demand is inelastic, the reduction of supply causes a large increase in price. Total farm revenue would rise as a result. If there is only a drought in Kansas, Kansas’ production is not a large enough proportion of the total farm product to have much impact on the price. As a result, price does not change (or changes by only a slight amount), while the output by Kansas farmers declines, thus reducing their income. 17. The quantity demanded at various prices is shown in the table below: Chapter 5/Elasticity and Its Application Price 1 2 3 4 5 6 Quantity Demanded 60 30 20 15 12 10 93 Figure 4 The demand curve is shown in Figure 4. When price rises from $1 to $2 (a 66. 67 % increase), quantity demanded falls from 60 to 30 (a 66. 67% decrease). Therefore, the price elasticity of demand is equal to one. When price rises from $5 to $6 (an 18. 18% increase), quantity demanded falls from 12 to 10 (an 18. 18% decline). Again the price elasticity is equal to one. A linear demand curve has a price elasticity that declines in absolute value as price falls. This demand curve has a constant elasticity equal to one. How to cite Answer to Chapter, Papers