Which of the following occurs when price is inelastic?
A) Price and revenue change in the same direction.
B) Revenues decrease when price increases.
C) Revenue is unaffected by price changes.
D) Quantity demanded increases when price increases.
E) The demand curve is more horizontal.
A
Business
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a. true b. false
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A major characteristic of a high-performance work system in a manufacturing environment is that
a. workers are allowed limited rest breaks. b. time and motion studies dictate work methods. c. supervisors make all the important decisions. d. workers participate in making decisions that have an impact.
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