If Both the Supply and Demand Curves Shift Simultaneously,we Can

question 23

Multiple Choice

If both the supply and demand curves shift simultaneously,we can always predict what will happen to

• A)only the quantity.
• B)either the price or the quantity,but not both.
• C)both the price and the quantity.
• D)only the price.
• E)neither the price nor the quantity.

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Definitions:

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production, holding all other factors constant.

Productive Employees

Workers who achieve a high output in relation to their input, contributing effectively to the organization's goals.

Non-pecuniary Job Characteristics

Aspects of a job that affect an employee's satisfaction aside from monetary compensation, such as working conditions, the work itself, and social interactions.

Sociological Factors

Social influences that affect individual behavior, choices, and societal trends, such as culture, ethnicity, and social networks.