Supply Will Become More Elastic When

question 325

Multiple Choice

Supply will become more elastic when

• A) a time period lengthens.
• B) the time period shortens.
• C) the good is important to consumers.
• D) there are good substitutes for the goods.

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Definitions:

Managerial Activities

Tasks and responsibilities undertaken by managers to plan, organize, lead, and control the operations of an organization.

Networking

The practice of building, maintaining, and utilizing relationships, especially for professional or business purposes.

Absenteeism Rate

The frequency or rate at which employees are absent from work, typically expressed as a percentage of total working days.

Contingent

Dependent on or conditioned by something else; in organizational behavior, often refers to rewards or responses that are based on specific performance criteria.