An Increase in the Price of Oranges Would Lead to A(n)

question 204

Multiple Choice

An increase in the price of oranges would lead to a(n)

• A) increased supply of oranges.
• B) movement up the supply curve for oranges.
• C) increased demand for oranges.
• D) reduction in the prices of inputs used in orange production.

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Definitions:

Changing

The process of making something different, usually by altering, substituting, or transforming it.

Refreezing

In the context of change management, it is the process of stabilizing a group or organization at a new state of equilibrium.

Decision-making Process

A systematic approach to making choices among various options based on reasoning and analysis.

Force-coercion Strategy

A strategy used to effect change within an organization through the use of power, authority, or force, often leading to compliance without genuine agreement.