A Perfectly Elastic Demand Curve

question 118

Multiple Choice

A perfectly elastic demand curve

• A) shows that a slight change in income will lead to a large reduction in price.
• B) is a horizontal line drawn across from the quantity axis.
• C) shows that a slight increase in price will reduce quantity demanded to zero.
• D) has a slope of -1.

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Definitions:

Directive Leadership

Is a leadership style characterized by providing clear instructions, setting defined goals, and closely supervising tasks, often applied in situations requiring tight control or when tasks are unstructured.

Supportive Leadership

A leadership approach that involves showing concern for employees' well-being, needs, and personal development to enhance their performance and satisfaction.

Participative Leadership

Participative leadership is a management style where leaders involve team members in the decision-making process, enhancing collaboration and commitment.

Task-Oriented

An approach or behavior focused primarily on completing tasks and achieving goals, often with less emphasis on interpersonal relationships.