You Are in Charge of the Local City-Owned Aquatic Center

question 35

Multiple Choice

You are in charge of the local city-owned aquatic center. You need to increase the revenue generated by the aquatic center to meet expenses. The mayor advises you to increase the price of a day pass. The city manager recommends reducing the price of a day pass. You realize that

• A)the mayor thinks demand is elastic, and the city manager thinks demand is inelastic.
• B)both the mayor and the city manager think that demand is elastic.
• C)both the mayor and the city manager think that demand is inelastic.
• D)the mayor thinks demand is inelastic, and the city manager thinks demand is elastic.

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Definitions:

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Psychological Contract

An unwritten agreement of mutual expectations between employees and employers beyond the formal employment contract.

Contributions

Refers to the individual or collective acts of adding or donating something of value to a project, cause, or body of knowledge.

Psychological Contract

The unwritten, implicit expectations and agreements between employees and their employers regarding their mutual obligations.