In the Long Run, If the Demand Curve in a Decreasing

question 25

Multiple Choice

In the long run, if the demand curve in a decreasing cost market shifts up and to the right, then:

• A)equilibrium price goes down and quantity goes up.
• B)equilibrium price goes up and goes down.
• C)equilibrium price and quantity go down.
• D)equilibrium price and quantity go up.

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Definitions:

HRM Practices

Human Resource Management practices refer to the strategies, methods, and processes used to manage personnel in an organization effectively.

Line Authority

Authority to make decisions about production, performance, and people.

Organizational Policies

Guidelines and rules developed by an organization to govern its actions and decision-making processes, ensuring consistency and compliance.

Grievance Handling

The process used by unions and employers to address complaints from employees regarding work conditions, contract violations, or other workplace issues.