One Would Speak of a Change in the Quantity of a Good

question 19

Multiple Choice

One would speak of a change in the quantity of a good supplied, rather than a change in supply, if

• A)supplier expectations about future prices change.
• B)the price of the good changes.
• C)the cost of producing the good changes.
• D)prices of substitutes in production change.

---

Definitions:

Vulnerability

The quality or state of being exposed to the possibility of being attacked or harmed, either physically or emotionally.

Competence

The ability to do something successfully or efficiently.

Organizational Culture

The collection of values, expectations, and practices that guide and inform the actions of all team members of an organization.

Open Communication

A form of communication where all parties freely express their thoughts and feelings honestly and clearly.