Answer:
inelastic
Explanation:
when we are measuring hte price elasticity of demand (PED), we calculate it by dividing the ]% change in quantity by the % change in price.
- If the price of a product increases by 1%, and the quantity demanded changes in a smaller %, the PED is < 1, so it is inelastic.
- If the price of a product increases by 1%, and the quantity demanded changes in a larger %, the PED is > 1, so it is elastic.
- If the price of a product increases by 1%, and the quantity demanded changes in same 1%, the PED is = 1, so it is unit elastic.
We are supposed to answer this right? Choices please.
Answer:
Opinion Leader.
Explanation:
Opinion Leader: They can be individual or organization who has the ability to influence people´s choices, belief, etc, They are expert and have a vast knowledge of the specific domain. They have built credibility over the period of time by their work. These individuals can be from any field or department.
In the given case, Olivia is intelligent and outgoing leader. Students in the marketing degree program look for her advice in the range of academic and professional issues. Therefore, it is evident that she is expert in her field and she is an opinion leader.
Answer:
The employees understood why the decision was made.
Explanation:
An advantage of using employees in the group discussion so they can understand why certain decisions are made.