An Increase in Market Demand Will Cause an Increase in Industry

question 78

Multiple Choice

An increase in market demand will cause an increase in industry output in the long run because

• A)new firms enter the industry.
• B)new firms enter the industry and all firms increase their output.
• C)all firms decrease their output but more new firms enter.
• D)no firms enter but the existing firms increase their output.

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Definitions:

Job Involvement

The level of psychological identification or commitment a person has with their job.

Organizational Commitment

The emotional attachment, identification, and involvement an employee has with their organization, influencing their willingness to continue working there.

Job Satisfaction

A positive emotional state resulting from the appraisal of one's job or job experiences, typically influenced by various factors like work environment, compensation, and personal values.

Job Descriptive Index

A standardized survey instrument used primarily to measure employee job satisfaction in various domains.