The Following Table Shows the Market Demand Schedule and Supply

question 23

Multiple Choice

The following table shows the market demand schedule and supply schedule for notebooks.

-Refer to the table above.At what price does the market for notebooks clear?

• A) $2
• B) $3
• C) $4
• D) $5

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Definitions:

Strategic Human Resource Management

An approach to managing human resources that supports long-term business goals and outcomes with a strategic framework.

HR Practices

Procedures and strategies employed by the Human Resources department to manage, support, and improve the workforce within an organization.

Alignment

The process of adjusting various elements (e.g., strategies, processes) so that they are congruent or in harmony towards achieving a particular goal or objective.

Manpower Training

The process of equipping employees or workers with the necessary skills and knowledge to perform their jobs effectively.