In This Problem,demonstrate Your Knowledge of Percentage Rates of Change $\Delta$

question 2

Multiple Choice

In this problem,demonstrate your knowledge of percentage rates of change of an entire demand function (Hint: % $\Delta$ Q = E_P•% $\Delta$ P + E_Y•% $\Delta$ Y) .You have found that the price elasticity of motor control devices at Allen-Bradley Corporation is -2,and that the income elasticity is a +1.5.You have been asked to predict sales of these devices for one year into the future.Economists from the Conference Board predict that income will be rising 3% over the next year,and AB's management is planning to raise prices 2%.You expect that the number of AB motor control devices sold in one year will:

• A)fall .5%.
• B)not change.
• C)rise 1%r.
• D)rise 2%.
• E)rise .5%.

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High LMX

A strong, positive, and high-quality relationship between a leader and their subordinate, characterized by trust and mutual respect.

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A stage in a collaboration or relationship where all parties understand their roles, trust each other, and work effectively towards common goals.

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Relationships that lead to significant, positive changes in individuals through inspiration, empowerment, and a focus on personal development.

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An initial stage in the development of relationships where individuals get to know each other and share basic personal information.