Elasticity of Demand Is Closely Related to the Slope of the Demand

question 222

Multiple Choice

Elasticity of demand is closely related to the slope of the demand curve. The more responsive buyers are to a change in price, the

• A)steeper the demand curve will be.
• B)flatter the demand curve will be.
• C)further to the right the demand curve will sit.
• D)closer to the vertical axis the demand curve will sit.

---

Definitions:

Proactivity

The action of taking initiative, anticipating potential issues, and implementing solutions before problems arise.

Positive Affect

A dimension of emotional experience that refers to feelings that are enjoyable and pleasurable, including happiness, joy, and enthusiasm.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, often involving judgment, evaluation, and problem-solving.

Organizational Citizenship

Behavior exhibited by employees that is beneficial to the organization but not directly recognized by the formal reward system.