Which of the Following Statements Is True

question 178

Multiple Choice

Which of the following statements is true?

• A)An increase in demand causes a change in equilibrium price; the change in price does not cause a further change in demand or supply.
• B)A decrease in supply causes equilibrium price to rise; the increase in price then results in a decrease in demand.
• C)If both demand and supply increase there must be an increase in equilibrium price; equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.

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Definitions:

Participative Leadership

A leadership style that involves seeking input and involving team members in decision-making processes.

Enlist

To recruit or gain the support of individuals or resources for a specific purpose or project.

Important Decisions

Critical choices or judgments that have significant consequences for an individual or organization.

Empowering Leadership

A leadership style focused on providing employees with the authority, resources, and confidence to take initiative and make decisions.