When the Demand Elasticity of a Service Is ____,A Small

question 175

Multiple Choice

When the demand elasticity of a service is ____,a small increase in price will lead to a decline of the same percentage in quantity.

• A)10
• B)1.0
• C)0.0
• D)0.1

---

Definitions:

Staff Department

A functional unit or division within an organization that provides support and specialized services to other departments rather than producing goods.

Line Department

A unit that is directly involved in the basic objectives of an organization.

Direct Authority

The power explicitly given to an individual or organization to make decisions, take action, and direct others within a specified area or function.

Vice Presidents

Executives below the president in a company's hierarchy, often overseeing specific departments or operations within the organization.