Examlex
Which one of the following is considered to be the last stage of group development for permanent work groups?
Price Range
The spread between the highest and lowest price of a commodity, security, or asset over a given period.
Demand
The desire and ability of consumers to purchase goods and services at given prices.
Perfectly Elastic
Describes a situation in economics where the demand or supply for a product can vary infinitely with a small change in price.
Inelastic
A situation in which the demand for a product does not increase or decrease correspondingly with a fall or rise in its price.
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