If the Supply of Monet Paintings Is Perfectly Inelastic, an Increase

question 33

Multiple Choice

If the supply of Monet paintings is perfectly inelastic, an increase in the demand for them will increase:

• A) equilibrium quantity but reduce equilibrium price
• B) equilibrium quantity but equilibrium price will be unchanged
• C) equilibrium price but equilibrium quantity will be unchanged
• D) equilibrium price but reduce equilibrium quantity

Recognize the significance of organizational climate and its effect on worker morale and productivity.

Explain the principles of behavior modification and its application in organizational settings.

Understand the relationship between job design, employee satisfaction, and motivation.

Comprehend the role of needs theories (Maslow's hierarchy, ERG theory, McClelland's needs theory) in explaining motivation.