A Surplus Occurs When the Price Is

question 173

Multiple Choice

A surplus occurs when the price is

• A) less than the equilibrium price.
• B) equal to the equilibrium price.
• C) greater than the equilibrium price.
• D) None of the above because the existence of a surplus is independent of the price of the good.

Understand various leadership styles and when they are appropriate.

Identify factors that influence the choice of leadership style, including situation, leader, and subordinate characteristics.

Recognize the significance of leadership in team dynamics and decision making.

Comprehend the importance of leadership style in relation to task structure and employee readiness.