Moving Down a Linear Demand Curve, Price Elasticity of Demand

question 27

Multiple Choice

Moving down a linear demand curve, price elasticity of demand

• A) decreases.
• B) varies in uncertain ways.
• C) increases.
• D) is constant.

---

Definitions:

Market Fit

The degree to which a product or service satisfies strong market demand.

Gender Bias

The preferential treatment or prejudice against individuals based on their gender, which can affect hiring, promotion, and compensation decisions.

Point Method

A job valuation technique assigning points to different levels of skills, responsibilities, and other job factors to determine pay structures.

Job Evaluation

A systematic process for assessing the relative worth of jobs within an organization to establish fair compensation.