Use the Figure Below to Answer the Following Question

question 102

Multiple Choice

Use the figure below to answer the following question.

Figure 4.1.1
-Figure 4.1.1 illustrates a linear demand curve. Comparing the price elasticity in the $2 to $3 price range with the elasticity in the $8 to $9 range, we can conclude

• A)that demand is more elastic in the $8 to $9 price range.
• B)that demand is more elastic in the $2 to $3 price range.
• C)that the price elasticity of demand is the same in both price ranges.
• D)nothing without numerical information about quantities.
• E)that the price elasticity of demand is zero in both price ranges because the demand curve is a straight-line demand curve.

---

Definitions:

Characteristics

Distinctive features or qualities that define a person, thing, or phenomenon.

Effective Leader

A person who can influence and guide followers or other members of an organization to achieve specific goals in an efficient manner.

Trait Theories

Theories that focus on identifying, describing, and measuring individual personality characteristics or traits.

Leadership

The act of guiding, directing, or influencing individuals or groups towards achieving a common goal through inspiration and example.