As a Result of an Increase in the Number of Demanders

question 178

Multiple Choice

As a result of an increase in the number of demanders for your firm's product, you should anticipate a________ price for your product than the current equilibrium price and a ________equilibrium quantity than the current equilibrium quantity.

• A)higher; higher
• B)higher; lower
• C)lower; higher
• D)lower; lower

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Definitions:

Ergonomics

An interdisciplinary approach to designing equipment and systems that can be easily and efficiently used by human beings.

Psychological Aggression

Hostile social interaction or behavior that involves mental or emotional harm rather than physical.

Work Performance

The assessment of an employee's effectiveness in fulfilling job responsibilities and tasks.

Drug Testing

The process of using medical or technical methods to determine whether a person has used the drug substances.