To Keep the Percentage Change in Quantity Demanded Equally Proportional

question 113

Multiple Choice

To keep the percentage change in quantity demanded equally proportional to the percentage change in price when the prices rise by 5 percent,a consumer would need to ________ quantity demanded by ________.

• A) increase; 5 percent
• B) decrease; 5 percent
• C) increase; 10 percent
• D) decrease; 10 percent
• E) increase; 2 percent

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Definitions:

Organizational Factor

Elements within a workplace that influence its functioning and performance, such as leadership, culture, and structure.

Job Performance

The effectiveness and efficiency with which an individual or group completes tasks in a work setting.

Company's Culture

A collective set of values, beliefs, and behaviors that characterizes an organization and its members.

Leadership Style

A leader’s characteristic way of behaving in a variety of situations.