The Demand for Gasoline in the Short Run Is

question 251

Multiple Choice

The demand for gasoline in the short run is

• A)elastic because people can easily switch to public transportation.
• B)perfectly inelastic because people have no choice but to buy gasoline.
• C)unit elastic because people tend to consume a stable amount of gasoline per period.
• D)inelastic because there are very few good substitutes for gasoline.

---

Definitions:

Artifacts

Tangible or visible elements in an organization's culture, such as its language, symbols, stories, rituals, and physical setup, which serve as expressions of its values and norms.

Identifiable Elements

Refers to components within a system or environment that can be distinctly recognized and differentiated from one another.

Culture

A set of shared values, beliefs, customs, practices, and social behavior of a particular nation or people.

Unobservable Culture

The components that lie beneath the surface of an organization, such as company values and assumptions.