A Fall in the Price of a Good Causes Producers

question 9

Multiple Choice

A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates

• A)a change in supply.
• B)the law of supply.
• C)the law of demand.
• D)the nature of an inferior good.

---

Definitions:

Theory Y Manager

A management style that assumes employees are self-motivated, seek responsibility, and can solve work problems creatively.

Theory Y Manager

A management style based on the belief that employees are inherently motivated, seek responsibility, and can be creative within the right work environment.