Use the Following to Answer Questions 20-21

question 16

Multiple Choice

Use the following to answer questions 20-21:
Figure 3.7
-(Figure 3.7) Suppose the government mandates a price ceiling of $8 per pound. Consumer surplus:

• A) increases from $900 to $1,600.
• B) increases from $400 to $1,200.
• C) increases from $1,800 to $2,100.
• D) decreases from $600 to $450.

---

Definitions:

Moving Stage

A phase within a process or project characterized by significant transition or change.

Organizational Change

Organizational change refers to the process through which a company or organization goes through a transition to achieve a desired state, improve processes, technologies, or organizational structure.

New Norms

Emerging standards or practices that become accepted within a society or organization.

Organizational Learning

The capacity of an organization to acquire, apply, and transfer knowledge to improve its performance over time.