Table 4-1
a Market Is Represented by the Table Below

question 29

Multiple Choice

Table 4-1
A market is represented by the table below:
Quantities demanded:
$\begin{array}{|c|c|c|c|c|}\hline\text { Price of the good}&\text { John }&\text { Lee }&\text { Amy }&\text { Jean }\\\hline \$ 0.50 & 36 & 25 & 12 & 5 \\\hline 1.00 & 30 & 22 & 8 & 4 \\\hline 2.00 & 25 & 20 & 3 & 3 \\\hline 3.00 & 20 & 19 & 1 & 2 \\\hline 4.00 & 10 & 18 & 0 & 1 \\\hline 5.00 & 5 & 17 & 0 & 0 \\\hline\end{array}$
-Refer to Table 4-1.If the price increases from $1 to $4:

• A)the market demand increases by 20 units
• B)the quantity demanded in the market decreases by 35 units
• C)the quantity demanded in the market decreases by 42 units
• D)the quantity demanded in the market decreases by 13 units

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Definitions:

Organizational Effectiveness

The degree to which an organization achieves its goals and objectives through the efficient use of resources within a given context.

High Machs

Individuals characterized by a Machiavellian personality, often exhibiting manipulation and a strong focus on self-interest.

Convincing Liars

Individuals who are highly skilled at deceiving others, often appearing believable and trustworthy while telling falsehoods.

Perceptual Set

A tendency to perceive or notice some aspects of the available sensory data and ignore others, influenced by expectations or prior knowledge.