The Price of a Good Will Fall If

question 157

Multiple Choice

The price of a good will fall if

• A)there is a shortage of the good.
• B)demand for the good increases.
• C)there is a surplus of the good.
• D)the supply of the good decreases.
• E)demand for the good does not change.

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Definitions:

Distributive Justice

The perceived fairness of how resources and rewards are distributed within a society or organization.

Procedural Justice

The fairness of the processes that are used to make and implement decisions, often emphasizing transparency, opportunity to voice concerns, and consistency.

Corporate Mission

A statement that outlines an organization's purpose, goals, and approach to reach those goals, guiding its strategic planning and corporate culture.

Discriminatory Event

An occurrence where an individual or group is treated unfairly based on characteristics such as race, gender, age, or disability.