According to the 30/70 Rule

question 14

Multiple Choice

According to the 30/70 rule,

• A)interviewees should remain silent 30 percent of the time.
• B)interviewers should speak 70 percent of the time and interviewees should speak 30 percent of the time.
• C)interviewers should remain silent 30 percent of the time.
• D)the interview should be structured to begin with 30 minutes of questions from the interviewer followed by 70 minutes of questions from the interviewee.
• E)interviewers should speak 30 percent of the time and interviewees should speak 70 percent of the time.

---

Definitions:

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in price.

Elastic Supply

A situation where the supply of a good changes significantly when its price changes.

Tax Burden

The measure of the impact of taxation on an individual's or entity's income, assets, or purchasing power.

Elastic

Describes a situation in economics where the supply or demand for a good or service is sensitive to changes in price. In other words, a small change in price results in a larger change in quantity demanded or supplied.