Refer to the Table

question 95

Multiple Choice

$$\begin{array} { | c | c | c | c | c | } \hline ( 1 ) & ( 2 ) & ( 3 ) & ( 4 ) & \text { (5) } \\Q _ { d } & Q _ { d } & \text { Price } & Q _ { S } & Q _ { S } \\\hline 50 & 40 & \$ 10 & 70 & 80 \\\hline 60 & 50 & 9 & 60 & 70 \\\hline 80 & 60 & 8 & 50 & 60 \\\hline 90 & 70 & 7 & 40 & 50 \\\hline 100 & 80 & 6 & 30 & 40 \\\hline\end{array}$$ Refer to the table. Suppose that demand is represented by columns (3) and (2) and supply is represented by columns (3) and (5) . If the price were arti?cially set at $6,

• A) the market would clear.
• B) a surplus of 40 units would occur.
• C) a shortage of 40 units would occur.
• D) demand would change from columns (3) and (2) to columns (3) and (1).

---

Definitions:

Dominant Cultural Patterns

The prevalent norms, values, and behaviors that characterize a society or organization and influence its members.

Emerging Innovations

New and novel ideas, practices, or products that are in the process of being developed and have potential to change current standards.

Organizational Survival

The ability of an organization to continue to operate and grow over the long term, amidst competition and changing market conditions.

Subculture

A group within a larger culture that has its own distinct set of values, practices, and beliefs, which differentiate it from the broader culture.