The following figure shows the demand and supply curves for USB flash drives at different price levels. D is the demand curve, and S₁ is the initial supply curve.
-Refer to the figure above.When the demand curve for flash drives is D and the supply curve of flash drives is S₁,what is the surplus in the market if the price is $7?
Definitions:
Employee Retention
Strategies and practices aimed at keeping employees engaged and committed to the organization, thereby reducing turnover and retaining valuable talent.
Merit Pay System
A compensation strategy that rewards employees based on their performance and achievements in the workplace.
Merit Pool
A budget set aside for merit-based increases in pay for employees, typically based on performance reviews.
High Performers
Employees who consistently exceed the standard performance expectations in their roles, contributing significantly to the organization's success.
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