Unit Elastic Demand Occurs When

question 94

Multiple Choice

Unit elastic demand occurs when

• A)a one-unit increase in price leads to a one-unit decrease in quantity demanded
• B)a 1% increase in price leads to a one-unit decrease in quantity demanded
• C)price elasticity of demand is positive
• D)price elasticity of demand is exactly zero
• E)price elasticity of demand is exactly -1

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Definitions:

Implementation Goals

Specific objectives set during the planning phase of a project to guide the successful execution of strategies or initiatives.

Performance Goals

Specific targets or objectives set to measure and achieve desired outputs and outcomes from an individual's work.

Expectancy Theory

A theory of motivation that posits that individuals are motivated to act in a certain way based on their expectations that the act will be followed by a given outcome and the attractiveness of that outcome.

Goal-Setting Theory

A theory suggesting that setting specific, challenging goals, with appropriate feedback, leads to higher performance.