Gasoline Prices Increase by 50 Percent and Other Things Remain

question 66

Multiple Choice

Gasoline prices increase by 50 percent and other things remain the same.As a result,there is

• A) an increase in the demand for gasoline.
• B) a decrease in the demand for gasoline.
• C) no change in the quantity of gasoline demanded.
• D) a decrease in the quantity of gasoline demanded.
• E) More information is needed to determine if the demand for gasoline increases or decreases.

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Definitions:

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization.

Knowledge Acquisition

The process of obtaining, assimilating, and internalizing new information or skills, often for organizational learning and development.

Intellectual Capital

The intangible value of an organization's knowledge, intellectual property, and employee expertise.

Open Systems

A concept in organizational theory and systems theory that views organizations as entities that interact with their environment, adapting and evolving as a result.