Suppose a Decrease in Demand Causes the Price to Decrease

question 185

Multiple Choice

Suppose a decrease in demand causes the price to decrease from $4 to $3 and the quantity to decrease from 1,000 to 700.Using the midpoint method,the elasticity of supply equals

• A) 0.81.
• B) 1.24.
• C) 2.83.
• D) 0.18.
• E) None of the above answers is correct.

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Leadership Style

The manner and approach of providing direction, implementing plans, and motivating people adopted by a leader.

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char--acteristics or attributes that are desirable in individuals who inspire, guide, and influence others towards achieving common goals.

Characteristics of Followers

Traits or attributes that influence how individuals in a group respond to leadership and participate in group dynamics and activities.

Nondirective

A leadership or counseling approach where the leader or counselor provides minimal guidance, allowing individuals to explore their thoughts and feelings freely.