If the Price Elasticity of Demand Is Equal to 2,the

question 136

Multiple Choice

If the price elasticity of demand is equal to 2,the good has ________ demand.

• A)elastic
• B)inelastic
• C)unitary elastic
• D)restrictive

---

Definitions:

Reward System

A mechanism in an organization to recognize and reward employee performance, potentially including monetary, benefits, and non-monetary rewards.

Performance Measures

Metrics or indicators used to gauge an individual's, organization's, or system's performance across various dimensions.

Transfer Prices

Prices charged for goods, services, or intangible property transferred between units of the same organization.

External Market Price

The price at which a product or service is sold in the open market to external customers, outside of the company or organization.