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A Manager Who Tries to Get Two of His Subordinates

question 119

Multiple Choice

A manager who tries to get two of his subordinates to resolve a disagreement through bargaining and negotiating in order to find a mutually acceptable solution that partially satisfies them is using a(n) ________ .


Definitions:

Elastic

Refers to the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Inelastic

Describes a situation where a change in the price of a good or service has a relatively small effect on the quantity demanded or supplied.

Network Externalities

The effect that the number or size of users of a product or service has on the value of that product or service to other users.

Market Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that all consumers in the market are willing to purchase at each price point.

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