Assume Wages Paid by a Firm to Its Workers Decrease

question 63

Multiple Choice

Assume wages paid by a firm to its workers decrease.What will be the reaction of consumers as the market moves to its new equilibrium?

• A)Quantity demanded will decrease.
• B)Quantity demanded will increase.
• C)The demand curve will shift to the left.
• D)There will be no reaction by consumers, since input prices determine supply, not demand.

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Definitions:

Directive Leadership Style

A leadership approach where the leader gives specific instructions and closely supervises tasks to manage and direct the work of their team.

Negative Punishments

A behavioral strategy that involves the removal of a favorable stimulus following a behavior to decrease the likelihood of that behavior occurring again.

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Direct, detailed instructions aimed at achieving a particular outcome or task.

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A feeling of acceptance and connection within a group or environment.