Suppose the Equilibrium Price of Oranges Is $2

question 109

Multiple Choice

Suppose the equilibrium price of oranges is $2.00 per kilogram.If the actual price is above the equilibrium price a

• A)shortage exists,and the price rises to restore equilibrium.
• B)shortage exists,and the price falls to restore equilibrium.
• C)surplus exists,but nothing happens until either the demand or the supply changes.
• D)surplus exists,and the price falls to restore equilibrium.
• E)surplus exists,and the price rises to restore equilibrium.

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Definitions:

Physical Surroundings

The external environment or setting in which individuals work, affecting comfort, mood, and performance.

Equipment Used

Refers to the tools, machinery, and devices that are employed to carry out specific tasks within a work environment.

Job Enrichment

Adding more responsibilities and autonomy to a job, giving the worker greater powers to plan, do, and evaluate job performance.

Job Rotation

The practice of moving employees through a series of job assignments in different areas of the company to broaden their skills and experiences.