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Leo supervises a global team of project members based in multiple countries. Maria is Brazilian, Jean-Paul is French, Amit is Egyptian, and Xiang is Chinese. Leo is American and is based in the United States. Which of the following team members would be least likely to respond favourably if Leo made project-related decisions independently, without consulting the team?
Perfectly Elastic
Describing a situation where the quantity demanded or supplied responds infinitely or by an unlimited amount to a change in price.
Horizontal Line
A straight line on a graph that runs parallel to the x-axis, indicating a constant value.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of consumers to price changes.
Perfectly Elastic
Describes a situation in economics where the quantity demanded or supplied responds infinitely or extremely to a change in price.
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