Refer to the Graph Above.If Demand Increased

question 101

Multiple Choice

Refer to the graph above.If demand increased:

• A) price and quantity would increase.
• B) price and quantity would decrease.
• C) price would stay the same and quantity would decrease.
• D) price would stay the same and quantity would increase.

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Definitions:

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services to make a profit.

M-Form Organization

A multi-divisional organizational structure, characterized by a set of autonomous divisions organized under a centralized corporate headquarters.

Divisions Coordination

The process of ensuring various departments or units within an organization work together efficiently towards common goals.

Employee Evaluation

The process of assessing and reviewing the performance, skills, and productivity of employees by an organization.