What Does the Expression "↑P Results in ↓Q_d" Imply

question 108

Multiple Choice

What does the expression "↑P results in ↓Q_d" imply?

• A) As price goes up, quantity demanded falls.
• B) As price goes up, quantity demanded rises.
• C) As price falls, quantity demanded falls.
• D) As price falls, quantity demanded increases.

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Definitions:

Resistance To Change

The reluctance or refusal to adapt to changes within an organization or environment, often due to fear, comfort with current states, or misunderstanding.

Organizational Change Strategies

Approaches and methods used by organizations to alter their direction, structure, operations, or culture to achieve certain outcomes.

Action Research

A participatory form of research where the researcher and participants collaborate to solve a practical problem and contribute to scientific knowledge.

Planned Change

A deliberate effort to modify processes, strategies, or structures within an organization to improve effectiveness.