-(Exhibit: Markets and Efficiency) in Panel (A)

question 83

Multiple Choice

-(Exhibit: Markets and Efficiency) In panel (a) :

• A) the price of apples is $0.80 and the quantity demanded is Q₁.
• B) the equilibrium price ensures that quantity demanded will match quantity supplied.
• C) the equilibrium price ensures that there will be neither surpluses nor shortages.
• D) all of the above are true.

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Definitions:

Subjective Performance

Evaluation of an employee's performance based on personal judgments rather than measurable outcomes.

Opinion

A personal view, attitude, or appraisal formed about something, not necessarily based on fact or knowledge.

Central Tendency Bias

A tendency to rate all individuals or situations as average or neutral, avoiding extreme judgments in assessments.

Rating Errors

Mistakes or biases that occur when evaluating or assessing an individual's performance or attributes.