Price Inelasticity Is When _________ While Price Elasticity Is When

question 35

Multiple Choice

Price inelasticity is when _________ while price elasticity is when __________.

• A) Prices cannot be negotiated; consumers can negotiate a price
• B) Consumers can negotiate a price; prices cannot be negotiated
• C) The supply/demand curve is followed; consumers buy a product regardless of cost
• D) Consumers buy a product regardless of cost; the supply/demand curve is followed
• E) Prices change frequently; prices are relatively stable

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Definitions:

Career Courage

The bravery and resilience to pursue one's career goals and aspirations, even in the face of obstacles or uncertainty.

Diversity

The presence of differences within a given setting, including but not limited to race, gender, age, ethnicity, and sexual orientation.

Sense of Community

describes the feeling of belonging and connectedness that individuals experience when they are part of a community, shared by common interests, values, or goals.

Cultural Backgrounds

The cultural experiences, practices, and influences that shape an individual's identity, perspective, and behavior.