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In the selection process,which of the following refers to requirements that are absolutely essential for the job?
Price Elasticity
Refers to how sensitive the quantity demanded of a good is to a change in its price.
Demand Curve
A graph showing the relationship between the price of a good or service and the quantity demanded for a given period.
Price Elasticity
measures how sensitive the quantity demanded or supplied of a good is to a change in its price, indicating the responsiveness of market participants to price changes.
Price Elasticity
A measure of the responsiveness of the quantity demanded of a good to a change in its price.
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