A Small Decrease in a Production Quota Will Have a Large

question 89

Multiple Choice

A small decrease in a production quota will have a large impact on the support price if:

• A) demand is completely elastic.
• B) demand is highly (but not completely) elastic.
• C) demand is inelastic.
• D) The demand elasticity does not affect the price outcomes of a quota program.

---

Definitions:

Active Listening

An approach to listening that involves giving full attention to the speaker, understanding their message, and responding thoughtfully.

Client-Centered Therapist

A therapist who practices a form of psychotherapy focusing on creating a supportive environment where clients can discover their true selves through self-exploration.

Active Listening

A technique of listening that involves paying full attention, understanding, responding, and then remembering what is being said.

Strong Feelings

Intense emotional reactions or attachments to situations, events, or people.