Refer to the Table Shown to Answer the Question A)elastic
B)unit Elastic

question 81

Multiple Choice

Refer to the table shown to answer the question. Between $2 and $2.20, demand is: $$\begin{array} { | c | c | } \hline \text { Price } & \text { Quantity Demanded } \\\hline \$ 1.60 & 130 \\\hline \$ 1.80 & 120 \\\hline \$ 2.00 & 110 \\\hline \$ 2.20 & 100 \\\hline \$ 2.40 & 90 \\\hline \$ 2.60 & 80 \\\hline\end{array}$$

• A)elastic.
• B)unit elastic.
• C)inelastic.
• D)perfectly elastic.

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Definitions:

Product Departments

Specialized divisions within a company focused on managing and developing specific categories of products.

Centralized

A system in which decision-making authority is concentrated at the top levels of management or within a central location.

Bigger Organizations

Refers to larger entities typically characterized by a greater number of employees, structures, and complexity in operations and management.

Complex Tasks

Tasks that are multifaceted, challenging, and require a high level of skill and cognitive effort to complete.