Assume That in Recent Years the Cost of Producing Microbrew

question 93

Multiple Choice

Assume that in recent years the cost of producing microbrew beer in the U.S.has decreased largely due to technological improvements.At the same time,more and more Americans prefer microbrew beer over wine.Which of the following best explains the effect of these events in the microbrew beer market?

• A)The supply curve has shifted to the right and the demand curve has shifted to the left.As a result there has been a decrease in the equilibrium quantity and an uncertain effect on the equilibrium price.
• B)Both the supply and demand curves have shifted to the right.As a result,there has been an increase in the equilibrium quantity and an uncertain effect on the equilibrium price.
• C)Both the supply and demand curves have shifted to the right.As a result,there has been an increase in both the equilibrium price and the equilibrium quantity.
• D)The supply curve has shifted to the left and the demand curve has shifted to the right.As a result,there has been an increase in the equilibrium price and an uncertain effect on the equilibrium quantity.

Understand the principles of organizational structures.

Identify the characteristics of various organizational structures (functional, flat, geographic, product, organic).

Comprehend the role and authority of positions within an organization.

Recognize the significance and utility of organization charts.

---

Definitions:

Income Distribution

Income distribution describes how a nation’s total GDP is spread amongst its population, influencing the standard of living and economic inequalities.

Perfectly Equal Distribution

An ideal and theoretical state where all resources or income are distributed evenly among all members of a society.

Government-provided Job

Employment opportunities created and funded by the government, often aimed at reducing unemployment and stimulating economic activity.

Poverty Rate

The percentage of the population living below the national poverty line, often defined as the share of people with income less than a specific threshold indicating minimal living conditions.