In Response to an Unexpected Change in Demand, If the Prices

question 2

Multiple Choice

In response to an unexpected change in demand, if the prices are free to adjust quickly:

• A)a firm could always operate at its optimal output level.
• B)a firm would experience a decline in its output and employment.
• C)a firm would not be able to adjust its output according to the plan.
• D)a firm would not be able to change its employment accordingly.

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Definitions:

Organizational Initiatives

Planned efforts or actions taken by an organization to achieve specific goals or improvements.

Work Stressors

Factors or conditions in the workplace that can cause stress, including workload, lack of control, and conflict with colleagues.

Hostility

Expressions of anger, aggression, or opposition towards others, can manifest in attitudes, behavior, or communication.

Overt Aggression

Explicit and open hostile behavior or actions intended to dominate or harm another individual.