A Good with a Unit Elastic Demand Has A

question 101

Multiple Choice

A good with a unit elastic demand has a:

• A) perfectly horizontal demand curve.
• B) perfectly vertical demand curve.
• C) price elasticity greater than 1.
• D) price elasticity equal to −1.

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Definitions:

Client

An entity that pays for or receives the services or advice of a professional or company.

Unfreezing

This is the first stage in the change process, making individuals or organizations aware of the need for change to overcome resistance.

Planned Change Process

A deliberate effort to improve an organization's effectiveness or to manage the impact of external changes through structured methods and strategies.

Incentives

Benefits, rewards, or compensation offered to motivate individuals towards achieving specific goals or desired behaviors.