Figure: Consumer and Producer Surplus

question 152

Essay

Figure: Consumer and Producer Surplus
(Figure: Consumer and Producer Surplus) Look at the figure Consumer and Producer Surplus.In the figure, if the price is held below the equilibrium price in this market, producer surplus and
total surplus _.
A.decreases; decreases
B.increases; stays the same
C.decreases; stays the same
D.increases; decreases

---

Definitions:

Lewin's Force Field Model

Lewin's Force Field Model is a concept that identifies and analyses the forces that influence change within organizations, including driving and restraining forces.

Cultural Setting

The environment made up of cultural beliefs, practices, customs, and behaviors that influence social interactions within a particular group or society.

Ethical Concerns

Issues or situations that require a person or organization to choose between actions that must be evaluated as right or wrong.

Organizational Change Strategy

A plan employed by a company to transform its structure, operations, culture, or processes.