Because of Technology,résumés

question 71

Multiple Choice

Because of technology,résumés

• A) are no longer useful.
• B) may be requested in electronic format.
• C) are changing the information that is required.
• D) should look flashier with graphics added.

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Definitions:

Elasticity

A gauge of the reaction in the amount of a product desired when its price varies.

Relatively Elastic

Describes a situation where the quantity demanded of a good or service greatly changes in response to changes in its price.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price level in a given period.

Coefficient

A numerical value that multiplies a variable in an equation, serving as a measure of some property or characteristic.