Suppose the Price of Local Cable TV Service Increased from $16.20

question 190

Multiple Choice

Suppose the price of local cable TV service increased from $16.20 to $19.80 and as a result the number of cable subscribers decreased from 224,000 to 176,000. Along this portion of the demand curve, price elasticity of demand is

• A) 0.8.
• B) 1.2.
• C) 1.6.
• D) 8.0.

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Definitions:

Internal Communication

The transmission of information, ideas, and feedback within the confines of an organization, company, or group.

Organizational Hierarchy

The arrangement of individuals within an organization into levels of authority and responsibility, often visualized as a pyramid structure.

Orientations

Sessions or information provided to introduce and acquaint individuals with a new environment, organization, or role.

Podcasting

The creation and distribution of audio or video content series that audience members can download or stream, typically around a specific theme or topic.