When consumers are sensitive to price changes, which of the following occurs?

a. elastic demand
b. inelastic supply
c. elastic supply
d. inelastic demand

Ans: a. elastic demand

Business

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A) It allows a firm to gain the financial and managerial resources that it may otherwise lack. B) It is the simplest way for a domestic company to enter a foreign market. C) It minimizes the need to build a new manufacturing facility in the foreign market. D) It allows one firm to acquire complete ownership of the other firm in the venture. E) It provides significant economies of scale for both the local firm and the foreign investor.

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Who argued that the best way to motivate workers is to build opportunities for challenge and achievement into their jobs via job enrichment?

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