Which of the Following Statements Is True

question 10

Multiple Choice

Which of the following statements is true?

• A)A decrease in demand causes a decrease in the equilibrium price; the decrease in price causes supply to decrease.
• B)A decrease in demand causes the equilibrium price to fall; the decrease in price then results in a decrease in quantity supplied.
• C)If both demand and supply increase,there must be an increase in the equilibrium price; equilibrium quantity may either increase or decrease.
• D)If demand decreases and supply increases one cannot determine if the equilibrium price will increase or decrease without knowing which change is greater.

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Definitions:

Organizational Effectiveness

The degree to which an organization achieves its goals and objectives efficiently and effectively.

Leadership Competency Approach

A method in leadership development focusing on identifying and cultivating a set of specific skills, behaviors, and attitudes that contribute to effective leadership.

Senior Executives

Top-level managers or leaders of an organization, responsible for strategic decision-making and overall company direction.

Task-oriented Leadership

A leadership style that focuses primarily on the tasks that need to be performed in order to achieve certain goals or standards.