Suppose That in Montreal in December, 2009, 10 000 Ski

question 69

Multiple Choice

Suppose that in Montreal in December, 2009, 10 000 ski helmets were sold at a price of $60 each. And in Montreal in December, 2010, 20 000 ski helmets were sold at a price of $80 each. One possible explanation for the change is that from 2009 to 2010 the curve for ski helmets shifted to the _ .

• A)supply; right
• B)demand; left
• C)demand; right
• D)supply or demand; right
• E)supply; left

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Definitions:

Legitimate Power

Power that is officially recognized and derived from a position of authority within an organization or society.

Referent Power

A form of power that stems from being admired or respected, often because of personality, skills, or relationships.

Expert Power

The ability to influence others based on the perception of an individual's expertise or knowledge in a specific area.

Always The Boss

A phrase describing someone who consistently takes charge or behaves in an authoritative way in various situations.