When Demand Increases in a Perfectly Competitive Market, Quantity Supplied

question 22

Multiple Choice

When demand increases in a perfectly competitive market, quantity supplied _______ in the short run, and supply _______ in the long run.

• A)increases; increases
• B)increases; decreases
• C)decreases; decreases
• D)decreases; increases

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Definitions:

Employee Commitment

The level of loyalty and dedication an employee feels towards their organization.

Employee Stock Plans

Programs offered by companies allowing employees to purchase shares of the company's stock, often at a discounted rate, as part of their compensation package.

Organizational Performance

A measure of how effectively an organization meets its goals and objectives, often evaluated through financial results, output, and efficiency metrics.

Cash Flow

The total amount of money being transferred into and out of a business, especially affecting liquidity.