Demand Is Said to Be Unit Elastic If

question 127

Multiple Choice

Demand is said to be unit elastic if:

• A)the demand curve shifts by the same percentage amount as the price
• B)quantity demanded changes by a larger percentage than the price
• C)quantity demanded changes by the same percentage as the price
• D)quantity demanded does not respond to a change in price

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Definitions:

Organizational Behavior

This is the study of how people interact within groups, particularly in a workplace setting, and how this affects the performance and structure of an organization.

Case Studies

In-depth analyses of a single event, situation, or individual to explore causality and find underlying principles.

Evidence-Based Foundations

The basis of knowledge, practices, or policies that are grounded in empirical research and data analysis.

Organizational Climate

The collective perceptions and attitudes of employees about their work environment, which can influence motivation, job satisfaction, and performance.