A Linear Demand Curve

question 59

Multiple Choice

A linear demand curve:

• A) has a constant price elasticity of demand.
• B) has price elasticity of demand equal to one.
• C) has price elasticity of demand that is positive.
• D) can have both elastic and inelastic price elasticity of demand.

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Definitions:

Downsizing

The reduction of an organization's workforce to cut costs and improve efficiency, often resulting in job losses.

Surplus Labor

Refers to the portion of labor capacity that exceeds the necessary labor for producing a desired output.

Referrals

People who apply for a vacancy because someone in the organization prompted them to do so.

Vacancy

An unoccupied position or job opening within an organization.