Assuming We Are Considering a Normal Good,the Calculated Price Elasticity

question 55

Multiple Choice

Assuming we are considering a normal good,the calculated price elasticity of demand is:

• A)always positive.
• B)always negative.
• C)positive if demand is elastic and negative if demand is inelastic.
• D)positive if demand is inelastic and negative if demand is elastic.

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Definitions:

Corporate Culture

An organization’s network that includes the shared values and assumptions within it.

Group Dynamics

The set of interpersonal relationships within a group that determine how group members relate to one another and that influencetask performance

Coercive Power

Power that depends on the threat of possible punishment.

Legitimate Power

A form of power that comes from a formal management position in an organization and the authority granted to it.