Elasticity Measures How Responsive Quantity Is to Changes in Price

question 195

True/False

Elasticity measures how responsive quantity is to changes in price.

---

Definitions:

Internal Source

An internal source refers to information, resources, or candidates originating from within an organization, as opposed to those found externally.

Employee Referrals

A hiring strategy where current employees recommend potential candidates for open positions within the organization, oftentimes rewarded with bonuses or other incentives.

Direct Applicants

People who apply for a vacancy without prompting from the organization.

Recruitment Sources

Different avenues where employers can locate prospective employees, such as internet job sites, hiring firms, and social networking sites.