Use the Figure Below to Answer the Following Questions

question 36

Multiple Choice

Use the figure below to answer the following questions. Figure 4.1.2
-Figure 4.1.2 illustrates a linear demand curve.If the price falls from $4 to $2,

• A)total revenue increases.
• B)total revenue decreases.
• C)total revenue remains unchanged.
• D)the quantity demanded increases by more than 10 percent.
• E)the percentage change in quantity demanded is more than the percentage change in price.

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Definitions:

Team Composition

The structure of a team in terms of its members, their roles, skills, diversity, and how these elements combine to achieve common goals.

Skills And Abilities

The capabilities and competencies that enable an individual to perform tasks or activities effectively.

Psychological Phenomenon

An occurrence or event that is related to the mind or mental processes and how they influence behavior.

Groupthink

is a psychological phenomenon where the desire for harmony or conformity in a group leads to irrational or dysfunctional decision-making outcomes.