Consider a Market That Is in Equilibrium

question 66

Multiple Choice

Consider a market that is in equilibrium.If it experiences a decrease in demand,what will happen? The demand curve will shift to the:

• A) left, and the equilibrium price and quantity will rise.
• B) left, and the equilibrium price will increase and the equilibrium quantity will decrease.
• C) left, and the equilibrium price and quantity will fall.
• D) right, and the equilibrium price and quantity will fall.

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Definitions:

Human Resource Management

The strategic approach to effective management of organization workers so that they help the business gain a competitive advantage, often involving hiring, training, performance assessments, and employee relation strategies.

Development

The process of growth, progress, or improvement in a person, organization, or product.

Work Sampling

A technique used to estimate the proportion of time spent by workers on different tasks by observing them at random intervals.

Driving Abilities

the skills and capabilities needed to operate a vehicle safely and efficiently on the road.