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You Own a Small Store

question 239

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You own a small store.Your cashier thinks you should raise prices to increase your total revenue and your customer thinks you should lower prices to increase your total revenue.The cashier thinks the price elasticity of demand is ________ and the customer believes the price elasticity of demand is ________.


Definitions:

Personal Reference

A recommendation provided by someone who knows you personally, rather than professionally, attesting to your character and abilities.

Transformational Leadership

A leadership approach that causes change in individuals and social systems, characterized by inspiring followers to exceed their own interests for the good of the organization or cause.

Authentic Leaders

Individuals who lead with authenticity, transparency, and integrity, fostering trust and respect among followers.

Ethical Role Models

Individuals admired for their ability to make moral choices and demonstrate ethical behavior, inspiring others to follow similar principles.

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