Which Statement Is TRUE

question 186

Multiple Choice

Which statement is TRUE?

• A) Elasticity of demand attempts to measure how fast quantity demanded increases when price increases.
• B) If the elasticity of demand is -4, then economists know that the price is increasing at a faster rate than quantity demanded.
• C) The price elasticity of demand is always a negative number, but economists generally ignore the negative sign.
• D) The elasticity of demand is always the same as the elasticity of supply.

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Definitions:

Interrole Conflict

A psychological tension that arises when the demands of one role an individual occupies conflict with those of another role.

Intrarole Conflict

A psychological dilemma where an individual faces conflicting expectations related to a single role they occupy.

Person-Role Conflict

Arises when an individual's values, beliefs, or needs conflict with the expectations of their role within an organization.

Security Interest

A legal claim or lien on collateral, ensuring the repayment of a debt or obligation.