If the Good or Service Produced by a Company Has

question 11

Multiple Choice

If the good or service produced by a company has an inelastic demand then during bargaining

• A) the union may demand higher wages as the additional cost may not negatively impact the company.
• B) the union will not likely be able to demand higher wages as the costs cannot be transferred to the customer.
• C) it will not impact the unions ability to obtain higher wages in bargaining.
• D) the union will demand greater job security for its employees as demand for the good or service will fall.
• E) the company will resist any demands for wage increases, as any increase in the sale price will reduce demand .

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Definitions:

Physiological Arousal

The physical state of being activated or stimulated, resulting in heightened physical functions and a state of readiness.

Cumulative

Incrementally increasing or accumulating over time.

Additive

A substance added to another to enhance or modify its properties, commonly used in food, manufacturing, or chemical processes.

Physiological Arousal

Physiological arousal refers to the body's physical response to stimuli, leading to increased heart rate, muscle tension, and energy, often as a preparation for action.