At a Price of $8 Per Dozen,Chuy Sells 40 Dozen

question 272

Multiple Choice

At a price of $8 per dozen,Chuy sells 40 dozen homemade tamales per week.When he raised her price to $12 per dozen,he still sold 40 dozen per week.Based on this information,the demand for his tamales is

• A) perfectly elastic.
• B) inelastic.
• C) perfectly inelastic.
• D) unit-elastic.

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Definitions:

Organizational Socialization

The process through which new employees learn the knowledge, skills, and behaviors necessary to function effectively within an organization.

Acculturation

The process by which individuals adopt the cultural traits or social patterns of another group.

Enculturation

The process by which individuals learn the dynamics of their surrounding culture and acquire values and norms appropriate or necessary in that culture.

Socialization Process

The method through which individuals learn the values, norms, and required behaviors which permit them to participate as members of an organization.