Refer to the Following Graphs

question 50

Multiple Choice

Refer to the following graphs. In the early 1990s, mounds of newspapers and worthless plastic piled up at recycling centers. As the nation's economy continued to grow, increased demand eliminated the mounds and turned them into shortages. In the mid-1990s, as recycling became more popular, the mounds of recycled materials returned. What graph best depicts these events on the market for recycled materials?

• A)Price remained constant at P0. Quantity demanded first rose, while supply remained constant; quantity supplied then rose, while demand remained constant.
• B)Price remained constant at P0. Supply first shifted from S1 to S0 and then back to S1.
• C)Price remained constant at P0. Demand shifted from D0 to D1 then supply shifted from S0 to S1.
• D)Price remained constant at P0. Demand shifted from D0 to D1 and then back to D0.

---

Definitions:

Compa-Ratio

A metric used in human resource management to compare the salary of an individual to the midpoint of a salary range for their position or job classification.

Pay Grade

A step or level within an organization's pay structure that determines the range of pay rates for employees based on the complexity, responsibility, and skills needed for their jobs.

Midpoint

In human resources, it often refers to the middle value in a salary range for a particular position, serving as a benchmark for compensation levels.

Compensation Management

The systematic approach to managing and determining employees' wages, salaries, benefits, and incentives.