Refer to Figure 20

question 96

Multiple Choice

Refer to Figure 20.2.Suppose the areas 0P₁AB and 0P₂CD are equal.We can conclude that the price elasticity of demand between point A and point C is

• A)Elastic.
• B)Inelastic.
• C)Unitary elastic.
• D)Impossible to determine.It depends on whether the price has increased or decreased.

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Definitions:

Diffusion Of Change

The process by which an innovation is communicated over time among the participants in a social system.

Organizational Systems

pertain to the structured and coordinated set of procedures, processes, and routines that an organization establishes to achieve its goals.

Refreezing

The final stage in the change process where new behaviors are solidified into the culture and practices of an organization.

Urgency To Change

The perceived immediate need within an organization to adapt or modify its operations or strategy.