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If a consumer is initially at an optimum, and then the price of Y increases, then
Organizational Politics
The use of tactics and strategies by individuals or groups within an organization to gain power or influence decisions for personal advantage.
Expert Power
A form of power derived from possessing specialized knowledge or expertise in a particular area, allowing for influence over others.
Knowledge-Based Economy
An economic system where growth is primarily driven by the production, distribution, and use of knowledge and information.
Legitimate Power
The authority that an individual or entity has, which is recognized and accepted by others, often based on a position of leadership or a role within an organization.
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