Which of the Following Diagrams Represents the Cardinality Pairs in a Situation

question 86

Multiple Choice

Which of the following diagrams represents the cardinality pairs in a situation where many people apply for a specific position,and some of the applicants have applied for the position in the past?

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Definitions:

Total Revenue

The total amount of money generated by the sale of goods or services before any expenses are subtracted.

Inelastic Portion

Part of the demand curve where consumers are less sensitive to price changes, meaning that the quantity demanded changes little with a significant price change.

Price Elasticity

The determination of demand elasticity for a product relative to changes in its price.

Constant Slope

A line on a graph that has the same steepness throughout, indicating a uniform rate of change.