If the Demand for Good a Is More Elastic Than

question 62

Multiple Choice

If the demand for good A is more elastic than the demand for good B,a small increase in supply in both markets will cause

• A)a much greater decrease in price for good A than for good B
• B)a much greater decrease in price for good B than for good A
• C)the price will decrease by the same amount in both markets
• D)only the price of good B will decrease
• E)only the price of good A will decrease

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Definitions:

Leader Behavior Description Questionnaire

A tool used in organizational studies to assess the behavior of leaders by categorizing it into specific dimensions, such as task-oriented and people-oriented behaviors.

Autocratic

A leadership or governing style marked by individual control over all decisions with little input from group members.

Behavior

One’s bearing, demeanor, and conduct. Behavior theory in leadership focuses on leadership style, such as autocratic, democratic, and laissez-faire, as well as leadership dimensions, such as initiating structure and showing consideration.