Assuming Conventional Supply and Demand Curves, Changes in the Determinants

question 288

Multiple Choice

Assuming conventional supply and demand curves, changes in the determinants of supply and demand will:

• A)in all likelihood alter both equilibrium price and quantity.
• B)alter equilibrium quantity, but not equilibrium price.
• C)alter equilibrium price, but not equilibrium quantity.
• D)have no effect upon equilibrium price or quantity.

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Definitions:

Occupational Injury

Any cut, fracture, sprain, or amputation resulting from a workplace accident or from an exposure involving an accident in the work environment.

Sprain

An injury to a ligament caused by tearing or stretching, often occurring in joints such as the ankle or wrist.

Amputation

The surgical removal of a body part, often a limb; in the workplace, it can result from severe injuries typically involving machinery or accidents.

Health And Safety

Guidelines and practices implemented to ensure a safe and healthy working environment for employees, minimizing risks and hazards.