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Exhibit 4-1 Supply and Demand Data ​
-In Exhibit 4-1, Suppose That a Reduction in the |

question 109

Multiple Choice

Exhibit 4-1 Supply and demand data  Price  Quantity  demanded  Quantity  supplied $1.00500501.504501502.004002502.503003003.00150350\begin{array} { | c | c | c | } \hline \text { Price } & \begin{array} { c } \text { Quantity } \\\text { demanded }\end{array} & \begin{array} { r } \text { Quantity } \\\text { supplied }\end{array} \\\hline \$ 1.00 & 500 & 50 \\1.50 & 450 & 150 \\2.00 & 400 & 250 \\2.50 & 300 & 300 \\3.00 & 150 & 350 \\\hline\end{array}
-In Exhibit 4-1, suppose that a reduction in the price of an important input used to produce the good causes an increase in quantity supplied of 150 units at every price level. Assuming that demand does not change, the new equilibrium price will be:

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Definitions:

Participation Problems

Challenges that arise when attempting to involve individuals or groups in decision-making processes or activities.

Absenteeism

The frequent absence from work or other duties without good reason, which can affect productivity and morale within organizations.

Turnover

The rate at which employees leave a company and are replaced by new employees.

Tardiness

The act of being late, particularly referring to late arrival at work or failure to meet deadlines.

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