A Demand Curve with Unit Elasticity Can Never Touch Either

question 39

True/False

A demand curve with unit elasticity can never touch either the vertical or horizontal axes.

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Definitions:

Environmental Uncertainty

A condition in which there is a lack of information about the external conditions that affect an organization's decision-making processes.

Delegator

A leader or manager who assigns responsibility and authority for tasks and decisions to subordinates or team members.

Empowerment

The process of giving individuals or groups the autonomy, resources, and capacity to make decisions and take actions that affect their work or community life.

Delegation

The process of assigning and entrusting tasks and authority from one person to a subordinate.