If a Business Can Sell 20 000 Units of a Product

question 26

Multiple Choice

If a business can sell 20 000 units of a product at $2 per unit and 10 000 units at $4 per unit,its demand is:

• A)unit-elastic
• B)inelastic
• C)perfectly inelastic
• D)elastic
• E)perfectly elastic

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Definitions:

Parental Leave

The period of time granted to a parent to take off from work following the birth or adoption of a child.

Noncustodial

Refers to a parent or guardian who does not have legal custody or the primary living arrangement of the child, often having specified visitation rights or responsibilities.

Performance Management

The process of ensuring employees' activities and outputs meet an organization's goals through methods such as goal setting, feedback, and evaluations.

HR Activities

Tasks and initiatives undertaken by the Human Resources department to manage and support an organization's workforce.