Which of the Following Would Increase the Economic Rent of a Factor

question 147

Multiple Choice

Which of the following would increase the economic rent of a factor, the supply curve of which is perfectly inelastic?

• A)an increase in quantity demanded
• B)a decrease in quantity demanded
• C)an increase in demand
• D)a decrease in demand

Identify strategies for managing planned change effectively.

Understand the stages and process of organizational development.

Identify various organizational development interventions and their effectiveness levels.

Recognize steps to implement new technology within the context of organizational change.

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Definitions:

Prospective Buyer

An individual or business showing interest in purchasing a product or service but has yet to make a transaction.

Transaction

An exchange or transfer of goods, services, or funds between two or more parties, typically involving a payment from the buyer to the seller.

Lead Generation

The process of identifying and cultivating potential customers for a business's products or services.

Traffic Generation

Strategies and tactics used to attract visitors to a website or physical location.