Which of the Following Statements Is Correct

question 107

Multiple Choice

Which of the following statements is correct?

• A) If demand increases and supply decreases, equilibrium price will fall.
• B) If supply increases and demand decreases, equilibrium price will fall.
• C) If demand decreases and supply increases, equilibrium price will rise.
• D) If supply declines and demand remains constant, equilibrium price will fall.

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Definitions:

Self-Managing Teams

Groups of employees tasked with planning and executing their own work procedures and strategies, having autonomy in decision-making.

Circles

In organizational contexts, groups of employees who meet to discuss and propose solutions to workplace issues.

Virtual Organization

An organization that operates primarily through electronic communication, lacking a physical central location.

Core Competencies

Key strengths or strategic advantages that a business or individual possesses, which are central to their ability to perform effectively and differentiate themselves in the marketplace.