If the Supply of a Good Is Relatively Elastic, This

question 80

Multiple Choice

If the supply of a good is relatively elastic, this means that the quantity supplied of the good is

• A) not very sensitive to the price of the good.
• B) highly sensitive to the price of the good.
• C) unrelated to the price of the good.
• D) none of the above.

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Definitions:

Job Enlargement

A method of job design that increases the range and variety of tasks performed by an employee to enhance job satisfaction.

Job Satisfaction

A measure of how content an individual is with their job.

Job Enrichment

Involves redesigning jobs to give employees greater responsibility and opportunities to use their skills and abilities to improve job satisfaction.

Motivating Potential

The capacity of a task, role, or job to inspire sustained interest and effort from those engaged in it.