If Demand Is Elastic, a Price ________ Causes ________ in Total

question 197

Multiple Choice

If demand is elastic, a price ________ causes ________ in total revenue.

• A) decrease; a decrease
• B) increase; an increase
• C) decrease; an increase
• D) increase; no change.

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Definitions:

Leader Behavior

Pertains to the actions, decisions, and mannerisms exhibited by an individual in a leadership position, which impact team dynamics and organizational outcomes.

Contingency Perspective

The idea that the effectiveness of leadership or management practices depends on the specific situational variables present.

Leadership Effectiveness

A measure of a leader’s ability to achieve desired results, influence others, and foster organizational success.

Universal Theory

A concept or idea that is believed to apply universally across cultures, situations, or conditions, often seeking to explain a broad phenomenon.