Which of the Following Could Be the Price Elasticity of Demand

question 128

Multiple Choice

Which of the following could be the price elasticity of demand for a good for which a decrease in price would decrease revenue?

• A)0.8
• B)1
• C)1.8
• D)2.4

Comprehend the concept of person-organization fit and its importance in recruitment and retention.

Appreciate the role of artifacts in communicating and reinforcing organizational culture.

Identify cultural obstacles in organizational change and mergers and ways to overcome them.

Recognize the value of promoting a diverse and inclusive organizational culture.

---

Definitions:

Sensory Memory

The shortest-term element of memory, which acts as a buffer for stimuli received through the senses, lasting up to a couple of seconds.

Effortful Memory

A type of memory that requires conscious effort and attention to encode and recall information, opposed to automatic memory processes.

Procedural Memory

A type of long-term memory responsible for knowing how to perform different actions and skills, essentially the memory of how to do things.

Recall

The cognitive process of retrieving information from memory, which can range from remembering past events to recollecting learned facts.