If Demand Is Represented as Q_d = 20 - 3P

question 103

Multiple Choice

If demand is represented as Q_d = 20 - 3P and supply is represented as Q_s = 4 + 5P, the demand curve intersects the y axis at a price of ________ and the supply curve intersects the y axis at a price of ________

• A) $20; $4
• B) $17; $9
• C) $3; $5
• D) $24; $2

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Definitions:

Change Process

The series of actions or steps taken to achieve a significant shift in direction, operations, or behavior within an organization or system.

Stakeholders

Individuals or groups that have an interest in the success and strategies of an organization, including employees, customers, investors, and suppliers.

Freezing Stage

A phase in change management where old behaviors are solidified to prepare for new strategies, often part of Lewin's Change Theory.

Trial-and-Error

A problem-solving method involving repeated attempts with the aim of finding a solution through successive failures or mistakes.