If the Price Elasticity of Supply Is Equal to 1

question 314

Multiple Choice

If the price elasticity of supply is equal to 1, we would say the supply of the item is

• A) unit elastic.
• B) inelastic.
• C) elastic.
• D) perfectly elastic.

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Definitions:

Job Performance

The effectiveness with which job duties are executed and the extent to which an employee accomplishes set tasks and goals.

Cognitive Dissonance

The discomfort felt when attitude and behaviour are inconsistent.

Inconsistent Attitudes

The exhibition of beliefs, feelings, or behaviors that contradict each other or fluctuate over a period of time.

Job Satisfaction

The extent of positive feelings or attitudes that individuals have towards their jobs.