In Imperfect Competition,if Prices Have Little or No Effect on Sales

question 116

Multiple Choice

In imperfect competition,if prices have little or no effect on sales volume,demand is ________.

• A) stable
• B) uniform
• C) highly elastic
• D) highly inelastic

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Definitions:

Resilience

The ability to recover quickly from difficulties; a form of emotional strength.

Optimism

A mental attitude characterized by hope and confidence in success and a positive future.

Posttraumatic Growth

Positive psychological changes experienced as a result of the struggle with highly challenging life circumstances.

State Of Mindfulness

The practice of being fully present and engaged in the moment, aware of one's thoughts and feelings without distraction or judgment.