Refer to the Above Data

question 54

Multiple Choice

Refer to the above data.Over which price range is the price elasticity of demand unitary?

• A) $16-$14
• B) $14-$12
• C) $12-$10
• D) $10-$8 Over the price range $12-$10,the change in quantity is (36 - 30)/(36 + 30)= 0.091 and the change in price is (12 - 10)/(12 + 10)= 0.091.Thus,price elasticity is 0.091/0.091 = 1.0.

---

Definitions:

Physical Space

The tangible, three-dimensional environment in which objects and events occur and have relative position and direction.

Company Culture

The unique combination of a company’s vision, values, norms, systems, symbols, language, assumptions, beliefs, and habits.

Flexible Working Hours

Employment terms that allow employees to vary their start and end times, promoting work-life balance.

Contract Workers

Contract workers are individuals hired by a company on a temporary basis to complete specific tasks or projects, typically without the long-term commitments or benefits associated with regular employment.