If Demand Is Price Inelastic,then

question 38

Multiple Choice

If demand is price inelastic,then

• A)buyers do not respond much to a change in price.
• B)buyers respond substantially to a change in price,but the response is very slow.
• C)buyers do not alter their quantities demanded much in response to advertising,fads,or general changes in tastes.
• D)the demand curve is very flat.

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Definitions:

Authentic Leadership

A leadership style rooted in honesty and transparency where leaders are genuine and true to themselves while leading others.

Balanced Processing

The objective analysis and consideration of all relevant information before making a decision or judgment.

Relational Transparency

A behavior that involves being open, honest, and genuine in interactions with others, important for building trust in leadership.

Ethical Leadership

A leadership style that is governed by principles of honesty, fairness, and integrity, where leaders prioritize ethical standards in their decision-making and behavior.