Which One of the Following Factors Would Increase the Demand

question 65

Multiple Choice

Which one of the following factors would increase the demand for oranges?

• A) an increase in the price of grapefruit, a substitute product
• B) a reduction in the price of bananas, a substitute product
• C) development of a line of high-yield orange trees that are also more freeze resistant
• D) a decrease in consumer income

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Definitions:

Merit Raises

A method of increasing an employee's pay based on their performance.

Pay Ranges

Sets of varying salaries that an employer is willing to pay for a particular job, reflecting experience, skill level, and responsibilities.

Merit Bonuses

Financial rewards given to employees based on their performance, achievements, or meeting certain criteria.

Behaviourally Anchored Rating Scales

A performance evaluation method that rates employees based on their behaviors related to specific job tasks using scales anchored with behavioral examples.