In a Market Economy, Which of the Following Will Most

question 144

Multiple Choice

In a market economy, which of the following will most likely cause a prolonged milk shortage?

• A) an increase in the demand for milk
• B) an increase in the supply of milk
• C) imposition of a price floor above the equilibrium price of milk
• D) imposition of a price ceiling below the equilibrium price of milk

---

Definitions:

Employee Value Proposition

A unique set of benefits and rewards offered by an employer to attract, retain, and engage employees.

Brand Positioning

The strategy of creating a unique impression in the customer's mind so that they perceive your brand distinctively in comparison to competitors.

Succession Planning

A strategy for identifying and developing new leaders who can replace old leaders when they leave, retire or pass away.

Succession Management

The process of identifying and developing potential future leaders or senior managers, as well as individuals to fill other business-critical positions, either in the short or the long term.