If the Trade Union in a Factory That Produces Good

question 55

Multiple Choice

If the trade union in a factory that produces good X goes on an indefinite strike, which of the following is likely to happen?

• A) The supply curve for good X will shift to the right.
• B) If demand remains unchanged, the equilibrium quantity of good X will increase.
• C) If demand remains unchanged, the equilibrium price of good X will increase.
• D) The demand curve for good X will shift to the right.

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Definitions:

Return on Investment (ROI)

A performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Division's

Pertaining to a section or subdivision of a company that operates under its own management and is responsible for a certain segment of the company's activities.

Delivery Cycle Time

Delivery cycle time is the total time taken from when a customer order is placed until the product is delivered to the customer, encompassing order processing, manufacturing, and shipping phases.

Last Year's Margin

The difference between sales revenue and cost of goods sold from the previous financial year, typically expressed as a percentage of sales.