Exhibit 5-26 -Refer to Exhibit 5-26. as You Move Down the Demand

question 213

Multiple Choice

Exhibit 5-26
-Refer to Exhibit 5-26. As you move down the demand curve from A to B to C to D, which of the following describes what happens to the price elasticity of demand?

• A) nothing
• B) goes from elastic at A and gets increasingly inelastic as you go to B and C and D
• C) goes from perfectly inelastic at A and gets increasingly elastic as you go to B and C and D
• D) goes from inelastic at A and gets increasingly elastic as you go to B and C and D
• E) goes from inelastic at A and gets increasingly elastic as you go to B but then gets increasingly inelastic as you go to C and D

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Definitions:

Intrapreneurship

Intrapreneurship is entrepreneurial behaviour displayed by people or subunits within large organisations.

Entrepreneurial Behaviour

refers to the attitudes, actions, and strategies that entrepreneurs apply to initiate and manage a venture, including risk-taking and innovation.

Large Organisations

Entities that operate on a vast scale, often comprising multiple departments, teams, and processes to deliver products or services across various locations or markets.

International Business

Commercial transactions that occur across national borders, involving the exchange of goods, services, technology, and capital.