Examlex
Which of the following is a component of organizational commitment?
Equilibrium Price
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, also known as the market-clearing price.
Shortage
A scenario in which the need for a product surpasses the amount available at a particular price.
Quantity Demanded
The total amount of goods or services that consumers are willing and able to purchase at a given price level in a given period.
Equilibrium
A state in which market supply and demand balance each other, resulting in stable prices.
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