A Decrease in Price of a Certain Good Most Likely

question 142

Multiple Choice

A decrease in price of a certain good most likely will lead to

• A)an increase in quantity demanded and an increase in demand.
• B)an increase in quantity demanded but no change in demand.
• C)an increase in demand but no change in quantity demanded.
• D)no change in demand and no change in quantity demanded.

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Definitions:

Immediate Predecessors

The tasks or activities that must be completed directly before a specific activity can start, in a project or process sequence.

Activity Duration

The total time period required to complete a specific task or activity within a project, from start to finish.

PERT Network

A project management tool used to schedule, organize, and coordinate tasks within a project, PERT stands for Program Evaluation and Review Technique and it visually illustrates a project’s timeline and the dependencies between tasks.

Non-Critical Activities

Tasks or processes in project management that have slack and therefore, do not impact the project's completion time if delayed.