Suppose the Equilibrium Price of a Tube of Toothpaste Is

question 137

Multiple Choice

Suppose the equilibrium price of a tube of toothpaste is $2,and the government imposes a price floor of $3 per tube.As a result of the price floor,the

• A)demand curve for toothpaste shifts to the left.
• B)supply curve for toothpaste shifts to the right.
• C)quantity demanded of toothpaste decreases,and the quantity of toothpaste that firms want to supply increases.
• D)quantity supplied of toothpaste stays the same.

---

Definitions:

Inappropriate Decisions

Choices or judgments that are not suitable or proper in the context in which they are made, often leading to negative outcomes.

Participative Process

A decision-making approach that involves input and active participation from multiple stakeholders or team members.

Group Performance

The outcome or result of the combined efforts of a team or group working together towards a common goal.

Empowerment

The process of giving individuals or groups the authority, resources, and opportunity to make decisions and contribute to their own success and the success of their organization.