The Absolute Price Elasticity of Demand for Good X Is

question 48

Multiple Choice

The absolute price elasticity of demand for good X is 1.2 when price is measured in dollars. If price were measured in cents, the price elasticity elasticity of demand would equal

• A) 1200
• B) 12
• C) 1.2
• D) 0.012

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Definitions:

Role Ambiguity

A situation in which the expectations associated with a role are unclear, leading to confusion and potentially stress for the individual in that role.

Physical Aspects

The tangible and environmental attributes or conditions of a workplace that can affect the well-being and performance of employees.

Adaptive Response

The ability of an organism or organization to modify or change its behavior or processes in response to changes in its environment.

Psychological Demands

The cognitive and emotional requirements or stressors associated with a job role.