If a Firm in a Perfectly Competitive Market Raises Its

question 8

Multiple Choice

If a firm in a perfectly competitive market raises its price

• A) it will sell more products.
• B) it will sell fewer products.
• C) its sales will remain unchanged.
• D) it will sell nothing.

---

Definitions:

Dependent Variable

The variable in an experiment that is expected to change or be influenced as a result of variations in the independent variable.

Supportive Leadership

A leadership style characterized by offering help, support, and encouragement to employees or team members.

Subordinate Satisfaction

The degree to which employees are content and fulfilled with their work environment, tasks, and leadership.

Tedious and Stressful

Descriptions of tasks or situations that are dull and repetitive or causing anxiety and pressure, possibly impacting employee wellbeing.